bonds

By David Galland, Managing Director, Casey Research Digging through the entrails of the fundamentals associated with the global economy and markets, it increasingly strikes me that there is really only one investment I’d now consider a…

Spanish savings banks, called cajas, are finally moving.  It took the central bank to take over CajaSur, which is controlled by the Catholic church in Cardoba, ten days ago to light a fire under the others.  There were about 45 of…

Highlights The US dollar is modestly lower against the major and emerging market currencies.  The key driver is really the absence of bad news and some position adjusting in the wake of stronger commodity and equity…

Highlights The US dollar is little changed against most of the European currencies and within the dollar-bloc as a consolidative phase is emerging.  The yen is center stage today following the resignation of Japan’s prime…

Win Thin of Brown Brothers Harriman is out with a note, remarking on the Eurozone contagion now moving to the core.  Questions about France and a potential ratings downgrade are now circulating. Thin says: France is coming under…

Highlights The US dollar has begun the new month off on strong footing against both and emerging market currencies.  The yen is the sole exception.  There are three drivers today.  The first is economic data from China and…

Highlights The US dollar is broadly weaker today as is the Japanese yen as the latest bout of market anxiety eases.  News that China indicated that it is not planning on selling its European bond holdings helped the euro recover…

Bill Gross is a bond guy. And in the bond world, the return of capital counts for a heck of a lot more than the return on capital. So, naturally, with debts being socialized from the private to the public sector, Gross has been asking…

Highlights The US dollar is posting strong across the board gains.  The sole exception is the Japanese yen, which is also benefiting from the heightened anxiety.  There are three main drivers today.  First, there is fear…

The following is a letter to clients from RBS’ Chief Market Strategist Bob Janjuah that is making the rounds (hat tip Scott). Dear All I am deeply troubled by the world and markets. THIS IS AN UBER BEAR EARLY WARNING ALERT:...I know its…