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23 July 2021

AFS Morning Comment July 23 2021

Markets are a good old snoozefest this morning. And that rounds of a week in which bond yields were all over the place for no good reason. The US 10y Treasury yield had a nice…

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19 July 2021

AFS Morning Comment July 19 2021

Thursday’s ECB meeting will be another run-of-the mill meeting, despite what you might have read elsewhere and despite President Lagarde herself hyping up the meeting because of the strategy review. From what we gather, the…

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16 July 2021

AFS Morning Comment July 16 2021

In the US money market there’s plenty of fodder for speculating about where rates will be 12 to 18 months from now. As we discussed in last Wednesday’s Comment, such speculation revolves around the Fed…

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14 July 2021

AFS Morning Comment July 14 2021

Key events today include Fed Chair Powell’s biannual testimony before Congress; the Fed’s Beige Book; the Bank of Canada rate decision; and a lone ECB-speaker. The only data report worth mentioning here are the PPI…

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mary scherm

13 July 2021

AFS Morning Comment July 13 2021

Last week’s nosediving bond yields might have been the proverbial false move. That, or markets have shedded their growth worries after last Friday’s reserve ratio requirement cut by the PBOC. At pixel time US Treasury…

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