Tag Archives: bonds

exploding inflation

Bonds: Negative yields say inflation is dead. Oh really….?

As more than 15% of the global government debt market enters negative yield territory we are truly living in extraordinary times. The corollary of those conditions is that the market is in effect pricing in no inflation. Oh really?

February 26th, 2015 by

Debt

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rates rocket

Bonds: The most important chart in the world today…

Lots to read on Greece, oil, corporate earnings and Apple but the critical driver of equities markets remains interest rates. Amid multiple headlines of central bank QE, rate cuts and record low yields you might want to watch this…..

February 11th, 2015 by

Debt

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28 ΚΛΑΣΙΚΟΣ ΜΑΡΑΘΩΝΙΟΣ  ΡΑΙΜΟΝ ΜΠΕΤ RAYMOMD BETT

Banks: Watching a bank run in Greece…..

We have previously written about keeping a firm eye on deposit flows in the Greek banking system. With election results only a few days, the implosion of bank share prices is not encouraging…

January 28th, 2015 by

Financials

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Chriistine Keeler (r) and Mandy Rice-Davies driving away after t

Bond market doesn’t believe Austrian bank management…

It’s deja-vu all over again as Yogi Berra would say….but if you’re a CFO of Austrian bank Raiffeisen International you’d say “Despite ongoing speculation, I want to reassure the market that no capital increase is planned”….

January 27th, 2015 by

Financials

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flying party

ECB QEuphoria as 3 huge markets fly…….

Not unlike QE announcements in the US and Japan, the reaction of investors in 3 asset classes has been along predictable lines. Here’s the graphic tale from the coalface…..

January 23rd, 2015 by

Debt

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explosive power

QEazy ECB: 5 thoughts as to what happens next….

Amazingly, we are in our 7th year of central banking assistance to financial markets but there is apparently still a need for an additional €1.2 trillion ECB balance sheet explosion . Here are 5 early WealthiFi observations…

January 22nd, 2015 by

Financials

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broker angst

Not just US energy debt causing angst in high yield markets…

The fall-out from the oil shock drop has quickly attracted commentary as to potential contagion in the US debt markets and its approximate $200 billion of high yield bonds. But contagion does not respect country borders….

January 14th, 2015 by

Debt

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samurai

Hello 2015…Europe goes Japanese and then some!

Happy New Year WealthiFi readers. Well that didn’t take long; our previous views on Europe emulating Japan in financial gymnastics, but worse, were confirmed after just one trading day into 2015.

January 2nd, 2015 by

Editorial

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bank quake

Bank stress tests to trade or invest?

Here we go again. Europe is about to take its latest stab at the quality of assets in its banking system. In the absence of any shocks, savings pools/funds will continue to own shares in this sector… but should they? 

October 24th, 2014 by

Financials

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herding

Europe: Is the herd bond trade unravelling?

Yesterday we wrote about our concerns re Europe and the optimistic view that all euro sovereign bond yields should trend down as if we were on the road to Japan. We didn’t have to wait long to witness investor pain…..

October 15th, 2014 by

Debt

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