ecb

3 september 2020

AFS Morning Comment September 3 2020

Couple of things in markets this morning. We had quite the bond rally over the past several days, but what really happened is that UST yields fell to levels where they are meeting strong technical…

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ecb

2 september 2020

AFS Morning Comment August 2 2020

If you read these comments, you will not have been surprised by the ECB waking from its slumber and talking down the euro when the currency popped 1.20 against the good old greenback yesterday eve….

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AFS

25 augustus 2020

AFS Morning Comment August 25 2020

The outperformance of US equities over Eurozone equities has become more glaring by the day. The charts speak volumes, so to speak. Here’s the good old S&P 500:   For the full report, click here

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ecb

20 augustus 2020

AFS Morning Comment August 20 2020

Meanwhile in markets, S&P 500 futures are off yesterday’s all-time high after FOMC minutes showed a relatively downbeat view of the economy amongst Powell & Co. Or at least, that’s the spin the wires have…

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ecb

19 augustus 2020

AFS Morning Comment August 19 2020

In overnight market action, US Treasuries are loving the downsized US fiscal stimulus proposal (from 1 trillion USD to 500 billion USD). At 0.65 the 10y is down 7bps for the week. Bunds should be…

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Beursplein 5 voor offices (1)

17 augustus 2020

AFS Morning Comment August 17 2020

Meanwhile in markets, the further slowdown in US Coronavirus infections hasn’t managed to turn the dollar’s fortunes. Perhaps investors realize that in the game of tag where Coronavirus hotspots migrate across the globe, the thing…

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