Bond Yield Watch: Yellen has decided to inflate the debt away. Position accordingly..
“I don’t have a hard-and-fast rule, but I would not like to see it drift above 2%.”— Janet Yellen on real interest costs, speaking to...
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China Watch: No more stimulus until the USD allows for it
It’s been almost a month since sentiment around China showed signs of life, spurred by attempts from the PBoC and the Finance Ministry to revive...
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The week at a Glance – The cleanest shirt in the dirty laundry
Happy Monday from Copenhagen. Our nowcasts of the US economy have proven useful in predicting the direction of incoming macro releases over the...
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Steno Signals #122 – Markets have abandoned the cutting narrative (outside of EZ)
Morning from Copenhagen,I spent my Sunday evening in the company of Interpol (the band, not the police, doh!), allowing myself a day off for once...
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Positioning Watch – Markets Still Favoring West Over East
Hello everyone, and welcome back to our positioning update. The big theme in markets currently is how markets are responding, positioning-wise, to...
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