Bank of Canada held rates steady but said more increases would be necessary even though oil prices and a weak housing market will harm the economy in the short term. Source: Thomson Reuters Governor Stephen Poloz said the challenges were temporary and he still believed the economy would at some stage be “operating at full…
Slowing economic data may force central banks to rethink policy tightening in 2019. Source: Bloomberg Manufacturing gauges across the world’s largest economies stumbled at the end of last year, starting 2019 with fresh challenges for global growth and central banks. The global manufacturing index from JPMorgan Chase & Co. and IHS Markit fell in December…
Mifid II could encourage the growth of artificial intelligence (AI) in financial services, but regulators need to be wary that any rules need to be incentive-based to avoid deterring investment in innovation. Source: IFLR One specific segment of financial services which could benefit most from AI is the fixed income space, which has historically been…
Counterparties are increasingly adopting quantitative investing techniques such as systematic alpha and algorithmic trading, merging of fundamental discretionary and quantitative investment styles, consumption of increasing amounts of alternative data, and adoption of new methods of analysis such as AI analytics like Overbond COBI-Issuance algorithm described in this white paper. Source: Overbond Fixed Income Artificial Intelligence…
As the market could be riskier early next year with supply lining up, CLO managers are willing to take the plunge now rather than waiting for the new year’s issuance window. Source: Bloomberg It’s been an expensive month to price new collateralized loan obligations in Europe. But the fear of what lies ahead is spurring…
Canada’s cumulative 5-year budget deficit to rise to $83.5 billion as the Liberal Government unveiled corporate tax breaks to businesses worth $10.5 billion, allowing businesses to write-off capital investments more quickly. This decision is bound to increase government borrowings and debt issuances. Source: Bloomberg Justin Trudeau is offering tax breaks to business instead of cutting…
Capital markets are poised to be transformed by artificial intelligence (AI). Most firms have focused on using technologies to reduce costs, but AI has the potential to create value across organizations in new transformative ways. Source: Accenture Ours is an industry that has shown a willingness and ability to capitalize on emerging ideas, using them to differentiate…
The Bank of Canada hiked interest rate and acknowledged for the first time in more than a decade it expects to completely remove monetary stimulus from the economy. Source: Financial Post The Bank of Canada can finally see “home” on the horizon. Governor Stephen Poloz and his deputies on the Governing Council raised the benchmark…
As U.S. stocks slumped, big wagers on higher yield and flatter curve were challenged leading to futures and options positions being abandoned. Source: Bloomberg Volatility in the U.S. Treasury market appears to have forced traders out of what just a week ago appeared to be surefire wagers on higher yields and a flatter curve. Flight-to-quality…
The revision of the NAFTA agreement has eased concerns of an economic slowdown for the United States, Mexico and Canada causing U.S. government bond prices to fall along with a rising yield. Source: Wall Street Journal U.S. government bond prices fell Monday as the revision of the North American Free Trade Agreement eased investor concerns…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
