
Jan 12, 2017 12:22 pm UTC| Research & Analysis Insights & Views
The cheapness of CNH risk-reversals relative to implied yields is also plumbing a historical extreme (refer above chart), as gauged by the carry-neutralizing forward delta-hedge ratio (the notional of short USDCNH forward...

Italy's Nov industry output beats expectations, signals possible acceleration in economic activity
Jan 12, 2017 12:10 pm UTC| Insights & Views Economy
Italian industrial production rose 0.7 percent month-over-month in November, beating median forecast in Reuters poll for a 0.3 percent gain, national statistics bureau ISTAT reported on Thursday. Data compared to a revised...

Jan 12, 2017 11:42 am UTC| Research & Analysis Insights & Views
The carry trade looks far more lucrative in a non-dollar CNH cross such as EURCNH. The carry/vol setup is comparable to USDCNH (refer above chart), with the added attraction that the cross is that it is better insulated...
Free college explained in a global context
Jan 12, 2017 08:20 am UTC| Insights & Views Business
New York Governor Andrew M. Cuomo recently pledged to make undergraduate education at the the City University of New York (CUNY) and the State University of New York (SUNY) system free for families making less than...

Putin, the political technologist
Jan 12, 2017 08:17 am UTC| Insights & Views Politics
The 35-page dossier published by Buzzfeed alleging collusion and conspiracy between the Trump campaign and the Russian state in pursuit of what the Kremlin calls active measures against Hillary Clinton not to mention the...

FxWirePro: USD/CNY bears seem to be aware of vol and RR collapse - Carry vol gap ATMF structures
Jan 12, 2017 07:52 am UTC| Research & Analysis Insights & Views
The funding cost of CNH dropped significantly this week, with the HIBOR overnight rates easing to below 3% this morning. In the meantime, the CNY-CNH spread has narrowed significantly. In our view, this is due to the...
Expenses reform is easy and essential – the only thing lacking is politicians' resolve to do it
Jan 12, 2017 05:15 am UTC| Insights & Views Politics
What is it that too many politicians dont get about the inappropriate use of taxpayer-funded expenses and the need to reform federal political donations laws and establish a federal anti-corruption body? The answer to...