The drivers of US yields’ collapse  are vanishing

Date: 4 April, 2019

There has always been a close negative correlation between manufacturing PMI and the US 10-year yield as the Treasury has. . . . Read More

Germany under siege

Date: 28 March, 2019

¨Postwar Germany abandoned military-based power politics and foreign adventurism and concerned itself primarily with economic development¨. Project Syndicate. Feb 2019. Fischer. . . . Read More

Reflation, yes. Remake from 2016/7, no!

Date: 25 March, 2019

The macroeconomic and market context shows interesting similarities with 2016. Weakening economic conditions, high volatility of risky assets and raw. . . . Read More

Equities. Boeing in turmoil

Date: 22 March, 2019

The Maneuvering Characteristics Augmentation System (MCAS) of the 737 Max 8 and 9 is in question. Before and after the. . . . Read More

Local EM bonds remain a pocket of value and diversification

Date: 21 March, 2019

In the first weeks of the year, looser global financial conditions and growing optimism about US-China trade negotiations have supported. . . . Read More