With the US Presidential election just around the corner, markets are poised to experience increased volatility. Saxo Bank’s chief economist, Steen Jakobsen, stated that both Trump and Biden would spend huge amounts of money and lean on the Fed for supporting easy financing conditions and neither of them would seek deep reform. Regardless of who…
Much has happened in the past week in the run-up to the US elections with strong implications for the US rates market. Some managers, like Nick Maroutsos from Janus Henderson, are positioned for a back-up in long-end rates on the back of a democratic sweep. Others are not quite so sure with what happened in…
Greece might issue new debt at lower borrowing cost to pay back IMF loans Source: Financial Post Greece’s debt agency could take advantage of a post-election boost to issue new debt at record low borrowing costs in the coming weeks to repay an expensive International Monetary Fund loan, sources told Reuters on Monday. Two bankers…
Nearly $1 trillion has been wiped out in global fixed income markets since Trump’s win. Source: Financial Times A global bond market rout intensified on Monday while the dollar strengthened as investors bet that US president-elect Donald Trump’s commitment to economic stimulus will herald faster growth and the return of inflation. Since Mr Trump’s surprise win…
Global markets have adjusted swiftly in the wake of President-elect Trump Source: Ted Carmichael Global Macro In the days ahead of the election, global equities sold off when Donald Trump narrowed Hillary Clinton’s lead in the polls after the FBI reopened the investigation into Hillary’s emails. After the FBI announced that there were no grounds to…
Market reaction to election could be volatile, Fed waiting for results. Source: The Wall Street Journal Minutes from the Federal Reserve’s September meeting released Wednesday made it clear the central bank aims to raise overnight rates soon. Three committee members wanted to raise them right away, while others said the decision was “a close call.” Their…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
