Federal Reserve Will Think and Then Think Again!

Paul Fisher, Head of Markets at the Bank of England told the economic worriers of the UK that the BoE would not pull the stoppers out on the economic stimulus plan in the UK and that the “macroeconomic outlook here is not as bright as in the US, therefore we are some way behind them…

Eurozone Government Supply Preview June 12th

BONDS JGB’s again were the catalyst for early bond market moves over in Europe. Japanese government bonds fell as the moderate results of the Bank of Japan's bond-buying operation failed to offset disappointment over weak demand at its liquidity-enhancement auction. Bunds are slowly recovering alongside peripheral debt markets, early on. Domestic accounts have been behind…

Milton Friedman: Please Come Back, All is Forgiven!

Milton Friedman once said that “if you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand”. I think if he were around still, he would need to revise that. It doesn’t take years to have a shortage of sand and the sand gets blown away…

US 3-Year Note Auction Preview June 11th

BOND MARKETS This afternoon the US Treasury will issue the first of this week’s lines of debt when it auctions $32bln in 3-year notes. This will be the first of three sales totaling $66bln in supply alongside an estimated $36.2bln in coupon securities maturing. Bond markets have seen the bears very much in control over…

Market Reactions

The Federal Reserve is going to cut its Quantitative Easing in September. Job openings are declining in the US (to 3.76 million in April from March’s figure of 3.88 million). The number of lay-offs increased between March and April also from 4.12 million to 4.28 million. There are currently 3.1 job-seekers for every job available…

LightIn TheBox: Chinese IPO Still Doing Good!

Goldman Sachs has suggested that there may be up to 349 Initial Public Offerings (IPOs) taking place in China this year. But, it’s not the Chinese capital markets that those companies will be wanting. Chinese firms are still hell-bent on getting floated on the world’s biggest and best stock exchange, and rightly so. The US…