Tag Archives: #yields

How do Chinese bonds do amid trade war tensions?

Mr Hawk/ November 20, 2018/ Chart Of The Day, Charts Posts, Story Of The Week, Weekly Notes Posts/ 0 comments

Chinese bonds – Just wondering what the trade war means for Chinese bonds as the 10-yr government bonds yield declined to 3.40% from 3.90% this year alone, while the 10-yr China Development Bank bonds yield slid to 3.80% from 4.80% since January. Do I have to question the higher US yield and safety status of Trys? Amid the turbulence in

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Mar 8, 2018 – Market Update (ECB bit hawkish, tomorrow’s US NFPs’ earnings bit weaker can push EURUSD above 1.2500; EURUSD weekly – a funny joke 1998-2000; Fed- 5 hikes in 2018?; S&P 500 still a bit rich but reasonably attractive; USD and US deficit correlating as before dot.com bubble; USD decline impacting reserve currency status; Aramco IPO going against OPEC?)

Mr Price Action/ March 8, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia in green after strong US session yesterday On Trump softer on tariffs – but do not get mislead by risk on mood Europe opening flat to higher   ECB today likely to confirm a gradual shift But still not major change in wording Draghi to talk down any hawkish views despite strong EZ economy   Fed 4 hikes warranted, eventually

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Feb 9, 2018 – Market Update

Mr Price Action/ February 9, 2018/ Market Update, Market Update Posts/ 0 comments

  European equities seem to be in a quite and cautious mood today after yesterday’s red day. US futures are up a what gives additional comfort to the market is also the calm in FX. Bonds are getting slightly sold but yields are not moving very high. It is an interesting situation when stocks got sold off heavily over the

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Feb 2, 2018 – Market Update (NFPs day but a high bar for USD to rise, Trys rising but where is the USD?, Rising yields challenging stocks (dividend/higher financing), Strong EUR to weight on EU stocks soon, Italy in or out?, eBay dumping PayPal and going for Adyen, Insurers to sell cryptos theft protection)

Mr Price Action/ February 2, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia lower Europe opening mixed Strong EUR to weigh on EU stocks soon 10-yr Trys yield above 2.75% putting pressure on stocks As dividend yield is not as attractive as before and cost of financing for companies is getting higher With recent rise in US yields, economic numbers and improving earnings season Are we going to

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Jan 25, 2018 – Market Update (Trump up, Mnuchin down but market is concerned about who will buy US debt; ECB – just up is a problem but Draghi likely not to say anything again); EURUSD set to check 1.2500; Weaker USD good for equities; Gold – make or brake the 1380, then 1484…?; BofA with most blockchain patents; Qualcomm fined USD 1.2 bln by EU; Mexican drug cartels stealing fuel)

Mr Price Action/ January 25, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia mixed to lower Europe opening lower Trump a year ago – USD strength means confidence in US and his presidency Mnuchin yesterday – USD weakness good for US economy …and market took it as a future direction of US policy In other words the US trade war has begun and weak USD is part of it Market is concerned about widening current

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Nov 15, 2017 – Market Update (Xi to visit NoKo one day, Mohammed El-Erian a new Fed vice-chair?, Stocks not comfortable with no new catalyst, GE story, Airbus – a new USD 40 bln order?, Volkswagen and police/tax authorities again, US yield curve flattening despite 2-yr yield hitting a 9-yr high, EURUSD – forget about H&S, looking at 1.1900, USDJPY to dip below 112.00)

Mr Price Action/ November 15, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia in red but BoJ active in ETF buying Europe opening lower Special envoy from China heading to NoKo on Nov 17 Central bankers talking about an end of easy money Mohammed El-Erian a new Fed vice-chair?   Risk bubbles rising across EMs: Military taking over in Zimbabwe, where is Mugabe? Venezuela defaulting, South Africa to be downgraded   Equities   Stocks not comfortable with

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Nov 13, 2017 – Market Update (May on the way out, Upcoming 2-3 weeks will shape the form of Brexit deal/no deal, Alibaba on fire with global Singles’ Day sales, Uber heading to IPO with Softbank getting closer to the deal, US inflation to show direction for yields, EURUSD back to range 1.1570/1.1670, Gold – long liquidation below 1280 level?)

Mr Price Action/ November 13, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia in red as investors becoming cautious on ability of US lawmakers to work out the tax reform Europe opening higher South China Sea disputes on again Upcoming 2-3 weeks will shape the form of Brexit deal As May is under enormous pressure from her own political party to step down While EU made it clear that UK needs to honor

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Nov 10, 2017 – Market Update (US tax reform question mark, China to open financial markets/allow investments in companies, Trump with a promise of USD 250 bln deals with China, Brexit – Norther Ireland part of EU single market?, Cameco’s 10% production cut a new bullish trend in uranium?, Monsanto not linked to cancer, 10-yr Bund yields saw a significant jump, DXY to close around key levels, Brent above key 62.00, than 60.00 USD/bbl)

Mr Price Action/ November 10, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia in red Europe opening lower US tax reform – a potential delay in corporate tax rate cut to 2019 pushed stocks in US and Asian lower Trump sees current account deficit with China not acceptable, happy with deals worth of USD 250 bln But overall friendly remarks on both sides China to open financial markets and allow foreign investments

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Nov 8, 2017 – Market Update (EURUSD – H&S almost done, US yields not supporting further USD strength – a correction coming?, Oil – China demand lower on pollution cuts, Gold stuck in 1263-1282 range, ECB Governing Council meeting – watch the comments as more hawks on the Board, Apple – EU asked for more details about tax structure, Bitcoin an asset class?)

Mr Price Action/ November 8, 2017/ Market Update, Market Update Posts/ 0 comments

    Short recap   Asia up Europe opening lower Trump in China to ask for China cutting financial ties with NoKo US-Chinese companies signed USD 9 bln deals USD impacted by headwinds/slowdown related to tax reform (implementation in 2019) As the tax cuts will spike the budget deficit and will have only temporary effect on the economy (according to Fitch) Brexit –

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Oct 27, 2017 – Short recap after ECB (Trys yields up, Bund yields down, Draghi played dovish, EURUSD getting closer to important 1.1500, Are we going back to 1.0500/1.1500 range?, 1w RR favouring puts, USDJPY – spot lagging the move higher as the US yields steadily rise, Spot close to critical 115.00, 1w RR favouring further upside)

Mr Price Action/ October 27, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap after ECB…   Bonds   10-yr Trys yield at 2.46% up from 2.43% yesterday 10-yr Bund yield at 0.42% down from 0.48% yesterday   EURUSD   Draghi played it well as the whole picture looks more dovish than rising rates environment eslewhere After yesterday’s move on spot 1w RR favouring puts s Spported by longs liquidation as well as Draghi doesn’t

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