ecb

13 November 2019

AFS Morning Comment November 13 2019

The Trump giveth and the Trump taketh. The tweeter in chief gave a rather bellicose speech on trade and such yesterday, sending shivers down investors’ spines. Well, almost. Trump’s language could reveal yet another shift…

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beeld op balkon van achteren (3)

8 November 2019

AFS Morning Comment November 8 2019

Achtung, risk-on baby! Easing trade tensions and the prospect of the US and China progressively rolling back tariffs has tanked bonds while boosting equities and other risk assets. For the week US Treasury yields are…

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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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