The sole key risk event on today’s rather short calendar is the release of the FOMC minutes at 20:00 CET. Therefore, today’s Comment is dedicated solely to the Fed’s balance sheet and money market troubles…
Payrolls preview: after the peak comes the… …trough. Before we start with previewing this afternoon’s data, just a very quick market overview ahead of payrolls first (data preview further down below). The dollar is actually…
US Treasury yields have slid further overnight while equities losses are stacking up on – you guessed it – global growth fears. That, and the Trump impeachment train is… well… moving forward.With Treasury yields having…
Not much of a rebound in US Treasury yields this morning following the epic plunge on Tuesday afternoon in the wake of the very disappointing US ISM Manufacturing PMI. Just to refresh your memory, the…
Yesterday’s Eurozone PMI data were simply awful. The German manufacturing PMI in particular was a shocker, with the index falling to a 10-year low of 41.4. That doesn’t bode well for this morning’s German Ifo…
Predictably, all eyes will be on the FOMC meeting this evening. Expect a 25bps in the target federal funds rate. That should translate to a 25bps cut in the actual policy rate, the Interest on…
