Mar 16, 2015 17:54 pm UTC| Commentary
US rates have moved higher despite weaker-than-expected data at the beginning of the year, as the market increasingly believes the Fed will start hiking in Q3/Q4 15.Danske Bank notes in a report on Monday: Although US...
Mar 16, 2015 17:38 pm UTC| Commentary
The initial reaction in the European fixed income market to the ECB QE launch has been significant.The long end has led the move and we have seen an aggressive curve flattening with 30Y German sovereign bonds as low as...
Mar 16, 2015 17:32 pm UTC| Commentary
The two most recent Employment Reports have revealed a much more upbeat picture of the labor market, which has boosted market expectations of a June rate hike by the Fed.This had led to a considerable rebound in US...
Daily outlook for USD/JPY: BofA Merrill Lynch
Mar 16, 2015 17:17 pm UTC| Commentary
We remain bullish and long USD/JPY. Pullbacks should be limited to old Triangle resistance, now support at 120.28/119.84 It would take a break of the Mar-03, 119.38 low to negate the breakout and force us out of our long...
US 5yr yields are turning bullish
Mar 16, 2015 17:13 pm UTC| Commentary
At the margin, evidence is beginning to turn a bit more bullish for the US Treasury market.US 5yr yields are turning bullish and poised to complete a 2wk HS top. This could be the bullish catalyst for the long end.BofA...
WTI makes new lows since Mar 2009
Mar 16, 2015 17:05 pm UTC| Commentary
CLJ5 has broken down overnight, breaking the Jan-29 lows at 44.37 (CLK5 needs to break 45.52, its not there yet).BofA Merrill Lynch notes in a report on Monday: This points to a continuation of the long term bear trend,...
Fall in OPEC production only temporary
Mar 16, 2015 16:54 pm UTC| Commentary
The OPEC Monthly Oil Market Report (MOMR), released earlier today, stated that, according to both primary and secondary sources, OPEC production fell slightly in Feb compared to the previous month.The vast majority of the...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects