DL Monitor and DL Report posts that pertain to BREXIT, a new term applied to British exit from European Union.

Posts

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 […]

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 – […]

Game Over for the Fed

Last Week: To say the BREXIT vote made for a lively end to the week is an understatement, though markets regained some composure from the early panic as markets made up some of the initial, knee-jerk losses. The 10-year Treasury traded 13bps lower to 1.5599%, while 1-month LIBOR declined 27bps to .4493%. This Week: US […]

What BREXIT Means for Interest Rates

Lower for Longer Not surprisingly, the outcome of yesterday’s referendum in the UK has hit the British pound hard and driven down the prices of equities and most commodities. Simultaneously, it has boosted the safe-haven appeal of the yen, high-grade government bonds and gold. US interest rates plunged across the curve, as bond prices rallied, […]

BREXIT Vote to Keep July Fed Hike in Play

Last Week: As widely expected, there was no change in the fed funds rate from the current 0.25-0.50 percent band after last Wednesday’s Fed meeting.  Fewer FOMC officials expect the central bank to raise rates more than twice this year, and gave a mixed picture of America’s economy, stating that growth is picking up but […]