Liquid Insight: Euro linkers – just add seasoning
Jul 20, 2015 15:58 pm UTC| Commentary
The concentration of coupons and index events over the summer should be a powerful bullish influence for euro linkers. Cash-for-cash extensions to receive forward real yields is the best way to capture this (and it...
Jul 20, 2015 14:46 pm UTC| Commentary
The BoC rate cut helped boost USD/CAD to the 1.30 target in our Fundamental Portfolio, and GBP/CAD to the 2.01 target of our Trade of the Week. It is expected both pairs should see higher levels in Q3/Q4, but trading-wise,...
Mexico's economy heading for further slowdown in Q2
Jul 20, 2015 12:26 pm UTC| Commentary
Mexicos industrial production in May was -0.94% yoy, which is first negatice growth rate in 13 months. As a result and given the strong correlation between monthly supply-side proxy of growth and industrial production,...

Brazil formal job elimination shows no reversal
Jul 20, 2015 10:55 am UTC| Commentary
In Brazil, sector-wise, the commerce sector accumulates the largest job elimination, but is now followed by the processing industry and the civil construction sectors.July 18 report provides another piece of information on...
Greece repays €6.8B to IMF and ECB
Jul 20, 2015 09:32 am UTC| Commentary
Greece has just issued orders to pay 6.8 billion to its creditors, including a 3.5 billion bond payment to the ECB and two missed loan payments to the IMF. Greece has already spent almost the whole amount of the 7.16...
Favourable weather conditions and firm US dollar put agricultural prices under pressure
Jul 20, 2015 09:20 am UTC| Commentary
Favourable weather conditions towards the end of last week drove down the prices of a whole host of agriculturals, in the US, rainfall brought relief in the Western Grain Belt, e.g. in Nebraska and Iowa.In other parts of...
Speculative financial investors in WTI retreat further
Jul 20, 2015 09:16 am UTC| Commentary
The WTI price slide since the end of June was accompanied by a noticeable fall in speculative net long positions.According to the CFTC, they dropped by an additional 33,700 to 147,300 contracts in the week to 14 July.Over...