Moody's: Low interest rates partly offset risks from UK consumers' high over-indebtedness levels
May 23, 2017 07:37 am UTC| Research & Analysis
Low interest rates mean that despite recent looser underwriting of unsecured debt, consumers in the United Kingdom (UK) will continue to be able to service their high debt levels in a base case scenario, according to...
May 23, 2017 05:39 am UTC| Research & Analysis
Namibias Baa3 rating with a negative outlook reflects the countrys solid medium-term growth prospects and institutional strength, set against credit challenges including its rising public debt and heightened external...
FxWirePro: Short EM vol risk in CNH options – Calendar option structures
May 19, 2017 13:15 pm UTC| Research & Analysis Insights & Views
A steeply upward sloping CNH vol curve in the 3M-1Y segment motivates forward vol selling at a substantial premium to spot ATM vol. The steepness of the vol curve is substantial for the level of base vols and worth milking...
FxWirePro: Call for “Diagonal Credit Call Spread” to optimally hedge EUR/PLN risks on dovish NBP
May 19, 2017 12:28 pm UTC| Research & Analysis Insights & Views
Despite strong manufacturing growth across most of the CEE, inflationary pressures are not emerging yet. Most of the headline CPI acceleration we have witnessed has been driven by large commodity price swings acting on top...
May 19, 2017 12:01 pm UTC| Research & Analysis Insights & Views
In this write up we run you through writing exorbitant calls in collar spreads for cautious bears. Before that lets have a glance through the neutral IVs in USDCAD that are creeping up a tad below 7-7.5% across all...
May 19, 2017 07:04 am UTC| Research & Analysis Insights & Views
The bearish CADJPY scenario below 79 driven by: 1) The US moves ahead on border adjustments or NAFTA negotiations turn sour; 2) US-Canada trade negotiations turn acute and negative with a proliferation of...
FxWirePro: EUR/JPY and EUR/USD option hedging perspectives – Bid vol swaps and FVAs
May 19, 2017 06:33 am UTC| Research & Analysis Insights & Views
Although you could see recent spikes in IVs in euro crosses, a spinoff of the vicious de-pricing of French election tail risk after the victory of Macron is that back-end (1Y2Y) EURUSD and EURJPY vols have crashed to near...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects