GDP Data to Confirm Solid Recovery

Last Week: A week of limited data and events saw previous trends maintained; what data there was, generally had a positive tone. US equity markets hit and held at or near new highs, while the US dollar rallied, oil declined and gold traded flat. The 10-year Treasury traded mostly flat for the week to 1.5835%, […]

Party On: Expectations of More Stimulus Trump BREXIT Fears

Last Week: US data and new equity market highs returned to save the day, as US retail sales, industrial production figures and solid corporate earnings overshadowed post-BREXIT fears. The week’s events largely revived the Q2 US economic rebound story, cutting back bets the Fed won’t hike until mid-2017 or later. The US bond markets performed […]

The Flat Yield Curve & What it Means for You

Last Week: News that America’s jobs engine rebounded strongly in June dominated the economic headlines last week.  Posting a monthly rise of 287K jobs –  the largest increase in eight months and beating the median economist forecast by 107K  – the number proved that May’s paltry 11K was indeed an outlier as we had hoped. […]

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The ISDA – A Hedger’s Minefield

This long, and to many people, incomprehensible document has just been delivered electronically by your friendly banker because you are about to execute a derivative or are contemplating one. Okay, it’s time to take a deep breath and not sign that document until you fully understand what it means to you. While your banker may […]

Jobs Data to the Rescue?

Last Week: Bonds continued their price surge/yield slide through most of the week, settling off their post-BREXIT lows only slightly by week’s end. Renewed focus on major Central Bank easing and the negative impact of global growth from the UK’s BREXIT vote sent markets scattering for safety and the only remaining semblance of yield – […]