Sunset Monday, March 20, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • Volatility is still the name of the game. Initial optimism following the Credit Suisse – UBS deal, brokered by the Swiss government over the weekend, abruptly ended in Asian dealings. US yields reversed a Read more…
Monday, 20 March 2023 Please click here to read the PDF version Markets • Core bond yields at least tried to keep their heads above water. After opening on Friday near Thursday’s post-ECB closing levels, trading soon revolved again around expectations for Swiss policymakers to try to hammer out a Read more…
Sunset Friday, March 17, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • Yesterday, it took some time for (money) markets to assimilate ECB Chair Lagarde’s message that there is still ground to cover for the ECB as inflation is staying too high for too long. Read more…
Friday, 17 March 2023 Please click here to read the PDF version Markets • The Credit Suisse liquidity stopgap helped restore some calm in the run-up to the ECB meeting. The central bank pushed through with its flagged 50 bps rate hike despite recent financial stability concerns. They lifted the Read more…
Thursday, 16 March 2023 Please click here to read the PDF version Markets • Tuesday’s trading session and yesterday’s Asian session both suggested that the US government & Fed’s combined measures to limit the fallout from the Silicon Valley Bank and Signature Bank’s collapse managed to restore market confidence. This Read more…
Sunset Wednesday, March 15, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • News this morning of a major Credit Suisse shareholder ruling out a capital injection in the ailing Swiss bank not only rekindled a still lingering fire, it fanned it into an roaring blaze. Read more…
Wednesday, 15 March 2023 Please click here to read the PDF version Markets • Volatility on especially rate markets remained high yesterday. Markets in the end erased part of the fallout of the SVB and Signature Bank collapse & government deposit bailout. The jury is still out on whether these Read more…
Sunset Tuesday, March 14, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • A sense of calm returned to markets after the extreme risk-off repositioning all day yesterday. The Asian trading session was still marked by wild intraday swings, with short-term US yields at some point Read more…
Tuesday, 14 March 2023 Please click here to read the PDF version Markets • Yesterday, the sharp ‘post-SVB’ repositioning, especially on interest rates markets, continued unabatedly even as US authorities during the weekend took measures to protect depositors and facilitated more easy refinancing for banks that face negative asset valuations Read more…
Sunset Monday, March 13, 2023 Daily Market Overview Click here to read the PDF-version of this report. Markets • During the weekend, US authorities took steps to restore confidence in the US financial system after the collapse of Silicon Valley Bank (SVB). They included full protection for all depositors of SVB (and Read more…