US Bond Yields and the USD at Key Juncture
The fall in US yields continues to be a surprising development in global markets, coinciding with a weaker USD. There are a number of factors that...
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Trump Is a Dead-Weight on the USD
Global investors heading into Japan equities may no longer be routinely hedging the JPY currency exposure. Equity investors, viewing the largely...
281 Views
Market yet to React to Approaching Fed Asset Run-Off
It is surprising to see US yields fall and the bond curve at its flattest point since December after the FOMC minutes where the Fed firmed up...
247 Views
The US Dollar Is Not Overvalued
It is evident that the market has grown tired of the divergence in monetary policies as a theme driving currencies. The USD has to a significant...
312 Views
Fed Already Behind the Curve, USD Looks Cheap Compared to Yield Gaps, NZD Expensive
Alternative measures of core inflation in the US, including the Dallas Fed’s PCE trimmed mean measures, show inflation is now very close to the...
290 Views