Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Markets
China Looks Cheap
When China first announced on 19 June that it was going to reintroduce flexibility into its exchange rate mechanism, we advised caution; warning that it may take some time for China's intentions to be clarified. The market's…
The Art of Outperformance
“When data contradicts theory in a discipline like physics, there is excitement amongst scientists . When data contradicts theory in finance, there is dismissal.” Robert Arnott Big shift to passive Active management in the equity…
US Data Disappoints–Adds to Dollar Selling Pressure
US data have been disappointing. The weekly initial jobless claim increase has been followed by a weaker than expected ISM manufacturing report. The ISM fell to 56.2 from 59.7. The consensus had anticipated a smaller decline to…
Dollar Slips, but Range Bound
Highlights The US dollar is mostly lower. The euro is the strongest of the majors, gaining across the board. The week’s high was set on Monday just below $1.24 and unless this is taken out, it simply seems like range…
The Needle And The Damage Done
Another one from David Rosenberg before I end it for the night...seriously. This one is from his morning piece, but it applies equally well now: THE NEEDLE AND THE DAMAGE DONE The needle, in this sense, is the equity market, and the…
Rosenberg: Sub-2% long term bond yields
The U.S. long bond yield is edging lower with each and every passing day, and now stands below 3.90%. At the same time, we cannot help but notice the huge gap that still exists between 10s and 30s — nearly 100 basis points. There is…
Central Bank Reserves: IMF COFER Data Shows Little Change
From BBH's Win Thin The IMF just released its quarterly report on currency shares of global reserves. In Q1 10, the dollar’s share fell slightly to 61.5% from 62.2% in Q4, while the euro’s share fell to 27.2% from 27.3% in Q4 and…
First Time Homebuyer Traffic Plunged in May
Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions reports that homebuyer declined in May, as would be expected with the end of the latest federal home purchase tax credit. The most dramatic drop was with…
Risk Returns on Successful ECB Tender
Highlights The US dollar is generally softer, consolidating yesterday’s moves. In fact, the three best performers yesterday and for the month of June, namely the Swiss franc, British pound and Japanese yen, are the laggards…
What to Expect from the COFER Data On The Currency Composition of Reserves
The IMF provides the most authoritative data on the currency composition of reserves. It is reported at the end of the quarter for the proceeding quarter. Tomorrow it is expected to report reserve holdings as of the end of Q1…