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Desperate Putin keeps talking about Nukes Safe Money? 10-year Treasury down 15% YoY Dollar, at 20 year high, is choking the world Pound Collapse: “I Just Can’t Wait to Be King” September 28, 2022 “This week is unbelievable. Uncertainty. What the folks at Foreign Affairs describe as the age of uncertainty, what we exist in […]
[Yahoo/Bloomberg] Stocks Rise, Pound Gains as Global Selloff Pauses: Markets Wrap [Yahoo/Bloomberg] UK Markets Claw Back Losses as Buyers Emerge After Historic Rout [Yahoo/Bloomberg] Yuan Plunge Nears 14-Year Low, Inviting Aggressive PBOC Pushback [Yahoo/Bloomberg] Japan’s 20-Year Yield Rises Above 1% for First Time Since 2015 [Yahoo/Bloomberg] Oil Climbs From Lowest Since January With Dollar’s Rally […]
[Yahoo/Bloomberg] Global Risk Assets Tumble as Pressure on UK Mounts: Markets Wrap [Reuters] Sterling crumbles to all-time low, euro at 20-year low [Yahoo/Bloomberg] Global Bonds Tumble as UK Tax Cuts Deliver Fresh Headwinds [Reuters] Pound plunge underscores stresses across markets [Yahoo/Bloomberg] Oil Falls as ‘Wrecking Ball’ Dollar Piles On Commodity Losses [Yahoo/Bloomberg] China Steps Up […]
[BBC] Italy votes as far-right Meloni looks for victory [Guardian] Europe holds its breath as Italy prepares to vote in far-right leader [Reuters] Moscow pledges ‘full protection’ to any areas annexed by Russia [Reuters] UK’s Kwarteng says he is focused on growth, not market moves [AP] Winter’s approach sets clock ticking for Ukraine, Russia [Yahoo/Bloomberg] […]
[Reuters] Wall St Week Ahead Investors wonder when vicious sell-off in U.S. stocks will end [Reuters] Russia holds votes in occupied parts of Ukraine; Kyiv says residents coerced [AP] Russia shells Ukrainian cities amid Kremlin-staged votes [Reuters] Italy’s election campaign ends, tensions between EU and right flares [Reuters] UK market meltdown? Nothing to see here, […]
Sickness Spreads Regrettably, a sickness, not unlike the one now brutally tormenting global financial markets, has also overwhelmed this author. Yours truly has succumbed to an ailment that requires a little chicken soup and an awful lot of bed. As a result, this week, HAI refers readers to Doug Noland’s Credit Bubble Bulletin for full […]
It really got going Tuesday. Chinese “big four” bank CDS each surged about 10 bps, the largest single-session gains since the July 15th peak “risk off.” Heightened risk aversion was not limited to Chinese banks. European bank CDS shot higher, with (subordinate) bank debt CDS jumping 19 bps (largest move since July). UK banks Barclays […]
[Yahoo/Bloomberg] Global Risk Assets Swept Up in Rout on UK Stimulus: Markets Wrap [Yahoo/Bloomberg] UK’s Biggest Tax Cuts Since 1972 Trigger Crash in Pound, Bonds [CNBC] 2-year Treasury tops 4.2%, a 15-year high as Fed continues to jolt short-term rates higher [Reuters] Oil prices down 3% with recession fears in focus [Yahoo/Bloomberg] Dollar’s March to […]
