In case you missed it: Global flight to safety

Central banks: Who will be next to cut interest rates?

Global central banks decided against joining the Federal Reserve's rate cut this week, but it is only a matter of time before policymakers elsewhere…

That sinking feeling as Libor spikes

When Libor spikes, we need to sit up and pay attention. Why? It's telling us that the financial system is feeling real stress. Stress that goes beyond…

Can the ECB deliver, and what are the implications for EUR markets?

The European Central Bank is at an impasse having nearly exhausted its easing options. We see more downside to core rates regardless of ECB action, but we…

US asset markets: What Fed cuts mean for US Treasuries and the dollar

G7 Finance Ministers and central bankers hold a conference call on the impact of the coronavirus this Tuesday. We think this could ultimately lead to the…

Tin hat time in FX markets

Continued pressure in global equity markets sees an on-going flight to safety in the FX world. What’s different this time is that the market may be…

Singapore: Recession looms

A recession in Singapore seems inevitable. That's why we've cut our forecast for annual growth to 0.3% from 1.0%. Hopes are pinned on stimulatory…

Fed and the FX markets: Tainted carry

The Fed largely delivered on expectations with an emergency 50bp rate cut this Tuesday. The dollar was initially weaker across the board, with high yield…

Credit markets and the coronavirus threat

We take a look at what it could mean for EUR and USD in Investment Grade and High Yield