ecb

7 November 2019

AFS Morning Comment November 7 2019

Late on Tuesday German Finance Minister Olaf Scholz made a number of proposals on completing the European ‘banking union.’ For the uninitiated: the ‘banking union’ entails a harmonization of regulation, common supervision and – ultimately…

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clouds-danger-dawn-409020-1024×683@2x

6 November 2019

AFS Morning Comment November 6 2019

Why bond yields are higher, part XXI. Actually, it’s the economy, stupid – to use on famous mantra. Here are monthly South Korean exports, one of the timeliest economic indicators that happens to be a…

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Digital figures over high way

5 November 2019

AFS Morning Comment November 5 2019

Lagarde’s maiden speech as ECB President last eve was a snoozer because she didn’t go into monetary policy or politics. The speech was in honor of former German Finance Minister Schäuble, the fiscal hawk everyone…

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Lnd voor EMIR

4 November 2019

AFS Morning Comment November 4 2019

At the time of this writing there were no prices yet in UST Treasury yields, which rose strongly most of October before giving up some of the increase late last week. 10y and 30y yields…

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01-home@2x blurred

29 October 2019

AFS Morning Comment October 29 2019

Trump switching from trade warrior to dealmaker; another Brexit delay; the ECB at the end of the road with regards to easing; and a Fed that will cut tomorrow and tilt towards another cut =…

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AFS

28 October 2019

AFS Morning Comment October 28 2019

Regarding the newsflow over the weekend, an important story in our view was the state election in Thüringen, a former East German state. Exit polls show the far right Alternativ für Deutschland more than doubling…

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