Podcasts about gilts

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Best podcasts about gilts

Latest podcast episodes about gilts

Ransquawk Rundown, Daily Podcast
US Market Open: Hawkish post-NFP action ramps up, BoE's Pill & ECB's Lagarde due

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Feb 6, 2023 3:40


European bourses are lower across the board, Euro Stoxx 50 -1.5%, as Friday's post-NFP price action continues to reverberate with the NQ lagging.DXY continues to climb as US yields rise across the curve, to the detriment of G10 peers.Additionally, the JPY has been particularly hampered by since refuted reports that current BoJ Deputy Amamiya could be the gov'ts nominee for GovernorCore fixed income continues to fall with yields higher across the board and Gilts lagging somewhat in the wake of BoE's Mann.Crude benchmarks are firmer on the session and have largely been consolidating after the substantial post-NFP lossesA magnitude 7.7 earthquake occurred in Turkey near the Syrian border, with multiple aftershocks of a similar intensity reported.Looking ahead, highlights include BoE's Pill & ECB's Lagarde.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: US futures steady though NQ outperforms post-Meta, BoE, ECB & key earnings due

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Feb 2, 2023 3:14


European bourses are benefitting from post-FOMC tailwinds with heavyweight earnings reports bolstering performance; US futures are more contained overall.However, the NQ is the standout outperformer post-META, +19% pre-market.The DXY has reclaimed and marginally extended above the 101.00 mark to a current 101.27 peak, after printing a fresh YTD trough at 100.81 post-Fed, to the modest detriment of peers.USTs have seemingly paused for breath after Wednesday's rally with upside in EGBs also exhausted for the time being pre-ECB and perhaps to digest hefty issuance while Gilts continue to rally.Crude benchmarks are in close proximity to the unchanged mark after paring back modest overnight gains amid a slight bounce in the USD.Looking ahead, highlights include US IJC & Factory Orders, BoE & ECB Policy Announcements and Press Conferences. Earnings from Amazon, Apple, Alphabet, Ford, Merck, Bristol-Myers & Qualcomm.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Equities and bonds pressured following ECB's Knot pushing back on earlier reports

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Jan 19, 2023 2:52


European bourses are pressured across the board, Euro Stoxx 50 -1.2%, as ECB officials continue to pushback on dovish reports.US futures are lower across the board, as the ES continues to move below 4k ahead of more earnings and key Fed speak, ES -0.5%.DXY was seemingly capped on approach to 102.50 amid a general downturn in risk with the USD facing pressure from the Euro and Yen while antipodeans lag.ECB's Knot says planning to hike by 50bp multiple times; Norges Bank and CBRT both left rates unchanged, as expected.EGBs have retreated from initial peaks given the above, dragging USTs and Gilts down with them.Looking ahead, highlights include US Building Permits/Housing Starts, IJC, ECB Minutes, Speeches from Fed's Williams, Brainard & Collins, ECB's Schnabel & Knot, Earnings from Procter & Gamble, KeyCorp, Fifth Third & Netflix.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: JPY outperforms in otherwise relatively contained pre-CPI trade

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Jan 12, 2023 2:34


European bourses are firmer across the board, Euro Stoxx 50 +0.5%, though price action has been fairly contained in slim pre-CPI newsflow with US futures essentially unchanged.Yomiuri Yen revival keeps Greenback grounded awaiting US CPI data; reports the BoJ is to review the effects of its massive monetary easing at next week's gathering.Bonds wane after an early bull run to and through new big figure levels for Bunds and Gilts at 138.45 and 104.14 respectively, USTs more reserved pre-CPI/Fed speak.Crude and precious metals have benefitted from the USD's pullback, though are yet to eclipse recent bests.Looking ahead, highlights include US CPI & IJC, speeches from Fed's Barkin, Bullard & Harker and supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Risk sentiment supported as China's reopening continues, Fed speak/NY Fed survey due

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Jan 9, 2023 3:16


European bourses are firmer across the board, Euro Stoxx 50 +0.3%, as the constructive APAC tone from China's reopening leadsUS futures are in the green, ES +0.4%, in-fitting with the above sentiment ahead of Fed speak and a NY Fed Consumer Expectations surveyDXY continues to slip below the 104.00 mark between 103.860-420 parameters towards key technical support and its December low (103.380)Action which is benefitting peers across the board ex-JPY, which is suffering amid the easing in USTs/EGBs and a Japanese holiday, with USD/JPY above 132.50EGBs under pressure and continuing to retreat from Friday's best, with Bunds down by nearly 100 ticks and Gilts similarly dented though managing to retain 102.00 at presentCrude benchmarks are bid this morning, with WTI Feb and Brent Mar posting upside in excess of 3.0% or USD 2.0/bbl respectively; given China's reopening and geopolitical developmentsLooking ahead highlights include speeches from Fed's Bostic, Daly, BoE's Pill & NY Fed Consumer Expectations survey.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Mixed and relatively contained trade overall ahead of US data & Fed speak

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Jan 5, 2023 2:55


European bourses are mixed but with a slight negative bias, Euro Stoxx 50 -0.2%, following a similar APAC handover ahead of US data with US futures little changed.Dollar mixed awaiting busy pm agenda on the eve of NFP and after choppy moves post-FOMC minutes with peers mixed vs USD.Currently, Bund, USTs and Gilts are within touching distance of the unchanged mark, with yields diverging slightly between EGBs and USTs.Little reaction to the Italian inflation print, which dipped slightly from the prior but was in-line with exp.WTI and Brent are firmer on the session, though the upside stalled on approach to the USD 75/bbl and USD 80/bbl handles respectively with the benchmarks still lower by over USD 5/bbl WTD.Looking ahead, highlights include US Challenger Layoffs, Canadian Trade Balance, US IJC, US EIA Inventories, speeches from Fed's Bostic and Bullard.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Firmer start to the new year continues, despite soft Chinese NBS PMIs

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Jan 3, 2023 2:36


European bourses are firmer across the board, Euro Stoxx 50 +1.4%, as the region's strong start to 2023 continues despite soft Chinese NBS PMIsStateside, futures are supported with the ES back above 3900 ahead of the week's risk events from Wednesday onwards.Dollar erases and reverses losses on positional, fundamental and technical grounds with EUR deflated by sub-consensus German state CPIsFixed income boosted by the German inflation metrics, with Gilts outperforming in catch-up tradeCrude benchmarks have come under modest pressure as the European morning progresses, having more than retracted a concerted bid that occurred around the European cash equity open.Looking ahead, highlights include National German CPI, US Final MFG PMI & Construction Spending.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Incremental extension of initial upside with NKE & FDX assisting

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Dec 21, 2022 2:48


European bourses have eked out a marginal extension of their initial upside, Euro Stoxx 50 +0.9%, with both newsflow and the schedule ahead sparse.ES +0.6%; post-earnings NKE +12.5% & FDX +4.8%DXY has managed to attain an incremental foothold at 104.00, with peers ex-NZD generally contained in tight ranges.An early recovery bounce has seemingly run out of steam ahead of US 20yr supply, with Bunds and Gilts fading from respective 136.00+ and 101.50+ peaks.Commodities are contained, though crude benchmarks extended to fresh incremental peaks amid Russian Defense Ministry commentaryLooking ahead, highlights include US MBA Mortgage Applications, Canadian CPI, CNB Decision, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Post-FOMC action continues, SNB & Norges Bank in-line; BoE, ECB & US data ahead

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Dec 15, 2022 2:27


European bourses and US futures are under pressure, seemingly in a second wave of the post-FOMC price action.USD has continued to climb throughout the morning, DXY above 104.40 at best with peers dented across the boardSNB & Norges Bank were essentially in-line with expectations, hiking by 50bp & 25bp respectively.Gilts continue to outperform and leading a relative 'revival' in the debt space, though USTs and Bunds are yet to make any real ground above neutralCrude benchmarks are flat, having pared a bulk of the APAC losses with the move coming in spite of the above actionLooking ahead, highlights include US IJC, Retail Sales & Industrial Production, BoE, ECB, Banxico Policy Announcements, European Council Meeting (1/2), Press Conference from ECB's Lagarde.Click here for the Week Ahead previewRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Contained & cautious trade with catalysts limited ahead of US supply

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Dec 12, 2022 2:32


European bourses are under modest pressure, Euro Stoxx 50 -0.2%, as the cautious APAC tone continues but with magnitudes limited given the lack of newsflow.USD's initial extension faded with the index drifting within 105.23-104.72 parameters, peers mixed but generally rangebound.EGBs & Gilts have meandered to fresh intra-day peaks, though newsflow and drivers behind the upside are essentially non-existent.Crude benchmarks are under modest pressure, with both volumes and newsflow limited ahead of an action-packed week of macro risk events.Looking ahead, highlights include Fed's Bostic & US supply.Click here for the Week Ahead previewRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Reknr hosts: The MMT Podcast
#153 Dirk Ehnts: Fiscal Black Holes And How To Escape Them

Reknr hosts: The MMT Podcast

Play Episode Listen Later Nov 24, 2022 68:20


Patricia and Christian talk to economist and author Dr Dirk Ehnts about the false-but-folksy economic premises behind Chancellor Jeremy Hunt's Autumn Statement, the difference between currency users and currency issuers, why government borrowing isn't really borrowing, why taxes are important (but not for the reasons many think) and help climate envoy John Kerry discover which government in the world has trillions of dollars.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243   Dirk Ehnts on Twitter: https://twitter.com/DEhnts Dirk Ehnts' Website: https://www.dirk-ehnts.de/en-us/ Dirk Ehnts on Mastodon: https://econtwitter.net/@DirkEhnts@mastodon.social   Patricia Pino on Mastodon: https://econtwitter.net/@patriciapino   Relevant to this episode: Stephanie Kelton's “green dollar / yellow dollar" explanation of government bonds (except she uses small pink pieces of paper for dollars and big pink pieces of paper for bonds) starts at 19:49: https://youtu.be/c6ss3p4jjI4   More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/   Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346   Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/     Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/   Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/75038084

Reknr hosts: The MMT Podcast
#152 Phil Armstrong: What Would Economic Opposition Look Like?

Reknr hosts: The MMT Podcast

Play Episode Listen Later Nov 17, 2022 73:22


In anticipation of Chancellor Jeremy Hunt's Autumn Statement, Patricia and Christian talk to economist and author Dr Phil Armstrong about currency crises, inflation, the shortcomings of monetary policy, the national (so-called) debt, the Office for Budget “Responsibility”, and what economic opposition might look like.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Phil Armstrong on Twitter: https://twitter.com/PhilArmstrong58   Phil Armstrong: “Can Heterodox Economics Make A Difference?”: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html           Relevant to this episode: “Is exchange rate depreciation inflationary?” by Professor Bill Mitchell: http://bilbo.economicoutlook.net/blog/?p=32922 Phil Armstrong's Chapter on conservation of saving is in "Contemporary Issues in Heterodox Economics”: https://www.routledge.com/Contemporary-Issues-in-Heterodox-Economics-Implications-for-Theory-and/Hermann-Mouatt/p/book/9780367509101   More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/   Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/     Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/   Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/74755372?pr=true

Ransquawk Rundown, Daily Podcast
US Market Open: Sentiment slips amid a marked USD recovery, seemingly without driver

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Nov 17, 2022 2:56


Stocks in Europe are on a mixed footing after scaling back opening gains with no clear fundamental catalyst driving price action thus far ahead of numerous events.Similar action in US futures with the ES back below 4k ahead of data, Fed speak and some corporate updates.DXY has seen an intra-day recovery from a 106.08 low to a 106.68 peak, with G10 peers now all pressured vs initial modest upside against the Greenback.Gilts unchanged ahead of significant fiscal changes from the UK, 10yr yield at 3.15%; USTs await Fed speak post-Waller.Crude benchmarks are under modest pressure given the USD recovery throughout the morning, generally softer APAC tone and a continuing deterioration to the China COVID case count weighing.Ags. in focus and pressured following an as-expected extension to the Black Sea grain deal.Looking ahead, highlights include US Building Permits, US Philly Fed, US IJC, Speeches from BoE's Pill, Fed's Bostic, Bullard, Bowman, Mester, Kashkari, Jefferson, Evans, SNB's Maechler, UK Autumn Statement at 11:30GMT.Click here for the Week Ahead previewRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Last Tranche
The Last Tranche with AlbaCore's Cohen Malka: The UK gilts crisis showed the CLO market is more liquid than people thought

The Last Tranche

Play Episode Listen Later Nov 14, 2022 20:39


In this episode of The Last Tranche, Deborah Cohen Malka, partner and portfolio manager at AlbaCore Capital Group, discusses the performance and challenges facing the European CLO market.Cohen Malka says that assets and liabilities in European CLOs are in a delicate balance, where the pricing of a single new issue CLO raises loan prices to the extent that other new CLOs become uneconomic.She also speaks to the impact of Russia's invasion of Ukraine on credit markets, and how the energy crisis is impacting credit quality. Cohen Malka also explains the sovereign debt crisis in the United Kingdom, and says the episode provided an opportunity for investors to take advantage of pension funds forced selling of CLO triple A notes.#CLO, #Creditflux, #AlbaCore

Reknr hosts: The MMT Podcast
#151 Brian Romanchuk: What Is A Bond Vigilante And How Do We Get Rid Of Them?

Reknr hosts: The MMT Podcast

Play Episode Listen Later Nov 9, 2022 57:05


Patricia and Christian talk to financial consultant and author Brian Romanchuk about how the UK's recent pension fund crisis impacted  the gilt and mortgage markets, the significance of currency price shifts, banks as credit risk intermediaries, the Swedish Central Bank's Prize in Economic Sciences, and what to do about so-called “bond vigilantes”.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   All our episodes in chronological order: https://www.patreon.com/posts/43111643   Brian Romanchuk's blog: http://www.bondeconomics.com/ Brian Romanchuk's books: http://www.bondeconomics.com/p/books.html Brian Romanchuk on Twitter: https://twitter.com/RomanchukBrian   More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/   Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/74382368?pr=true   Show notes: https://www.patreon.com/posts/74382539?pr=true

Ransquawk Rundown, Daily Podcast
US Market Open: Contained trade across assets ahead of US midterms, whilst crypto sold off overnight

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Nov 8, 2022 3:11


Major bourses in Europe portray a mixed picture with no clear conviction seen heading into the US mid-term elections, US equity futures post mild gains but with price action containedDXY gleaned some traction across the board amidst a firmer rebound in Treasury yields, renewed weakness in the Yuan and general consolidation ahead of impending risk eventsUS Treasuries were first off the block in terms of paring more losses from worst levels to turn marginally positive, Gilts followed suit, Bunds remain depressedWTI and Brent futures are softer intraday as DXY picked up overnight and in early European trade, whilst China's COVID woes remain a grey cloud for the complex, with daily new cases in China rising to a six-month high for SundayBitcoin was pressured and slipped below the USD 20,000 level, with headwinds also as FTX Token sold off overnightLooking ahead, highlights include US Midterms, supply from USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Macro Musings with David Beckworth
Megan Greene on the UK's Recent Market Turmoil and What it Means for the Future of the Global Economy

Macro Musings with David Beckworth

Play Episode Listen Later Nov 7, 2022 46:36


Megan Greene is a senior fellow at the Watson Institute for International and Public Affairs at Brown University and is the global chief economist at Kroll. Megan is also a contributing editor and columnist for the Financial Times and is a returning guest to the podcast. She rejoins David on Macro Musings to talk about a recent article she has written titled, *UK Market Turmoil is a Harbinger of Global Events to Come.* David and Megan also discuss the basics of what caused the UK's recent crisis, how persistent inflation continues to impact the global economy, the current outlook for international energy production, and a lot more.   Transcript for the episode can be found here.   Megan's website Megan's Kroll profile Megan's Twitter: @economistmeg   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   *UK Market Turmoil is a Harbinger of Global Events to Come* by Megan Greene   *The World is Starting to Hate the Fed* by Edward Luce

Ransquawk Rundown, Daily Podcast
US Market Open: Sentiment firmer pre-NFP amid further rumours regarding China's COVID policy

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Nov 4, 2022 3:12


European bourses are firmer across the board as the complex benefits from further rumours around an easing of China's COVID policy, Euro Stoxx 50 +1.4%Stateside, futures are firmer across the board with magnitudes a touch more contained vs Europe pre-NFPDXY has pulled back from overnight peaks, where it tested but failed to attain 113.00, Antipodeans & Yuan outperformCore fixed benchmarks are little changed overall with USTs essentially flat while Gilts lag post-PillCommodities are bolstered amid the USD's pullback and on further reopening rumours re. ChinaLooking ahead, highlights include US & Canadian Labour Market Reports, Speech from Fed's Collins.Click here for the Week Ahead preview.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: European bourses are firmer across the board with commodity stocks leading the way on the overnight China COVID rumours

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Nov 1, 2022 3:40


European bourses are firmer across the board with commodity stocks leading the way on the overnight China COVID rumours.Stateside, futures are similarly supported though magnitudes a touch more contained ES +0.8%; NQ outperforms as global yields pullback.Unconfirmed reports that a Chinese committee is being formed to assess how to exit COVID Zero; however, this was subject to push backUSD pressured as risk rebounds and yields retreat, with new month and pre-FOMC positioning also potentially impacting; DXY sub-111.00.Core and periphery fixed benchmarks are bid with Gilts currently leading amid the latest fiscal musings and as we look to the BoE's QT starting in the short-endCommodities are lifted across the board in wake of the China COVID-related updates; crude complex remains attentive to ADIPECLooking ahead, highlights include US Manufacturing PMI (Final), US ISM Manufacturing PMI, JOLTS, New Zealand Unemployment, Earnings from Marathon, Phillips 66, Pfizer, Uber & AMD.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Macro Musings with David Beckworth
Yesha Yadav on Treasury Market Turmoil and Potential Solutions for Reform

Macro Musings with David Beckworth

Play Episode Listen Later Oct 31, 2022 54:04


Yesha Yadav is a law professor and associate dean of Vanderbilt Law School. Yesha works on banking and financial regulation, securities regulation, the law of money and payment system, and is a returning guest to the podcast. She rejoins Macro Musings to talk about recent developments in the Treasury market and the prospects for reform. David and Yesha also discuss the future of CBDC in the US, the recent economic crisis in the UK, and a lot more.   Transcript for the episode can be found here.   Yesha's Vanderbilt Law profile: https://law.vanderbilt.edu/bio/yesha-yadav Yesha's Google Scholar archive: https://scholar.google.com/citations?user=Dn5cmSQAAAAJ&hl=en   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   *The Failed Promise of Treasuries in Financial Regulation* by Yesha Yadav and Pradeep Yadav   *The Broken Bond Market* by Yesha Yadav and Jonathan Brogaard   *Markets Didn't Oust Truss. The Bank of England Did.* by Narayana Kocherlakota   *Treasuries Liquidity Problem Exposes Fed to ‘Biggest Nightmare'* by Liz McCormick   *Yellen Flags Potential for Buybacks of Treasury Securities* by Christopher Condon   *The Squeeze That Has the US Treasury Thinking About Buying Back Bonds* by Alexandra Harris   *Hedge Funds Facing Tighter SEC Clearing Rules for Treasuries* by Lydia Beyoud and Alexandra Harris   *Geithner-Led Group Faults Fed for Slow Work on Treasuries Market* by Liz McCormick   *All-to-All Trading in the U.S. Treasury Market* by the New York Fed staff   *Toby Nangle on What We Just Learned From Gilt Market Madness* by Tracy Alloway and Joe Weisenthal

Ransquawk Rundown, Daily Podcast
US Market Open: US equity futures have recovered to near unchanged, USD remains bid, PMIs ahead

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 24, 2022 2:58


Equities are firmer in Europe and back to flat for US futures, as mixed APAC trade and PMI pressure eases a touchUSD has regrouped from Friday's dovish-downside though GBP outperforms while JPY has eased from best following pronounced APAC actionBonds back off after early EU buying frenzy; with Gilts leading the way as the prospect of Sunak becoming the UK PM increases significantlyCommodities clipped, but off worst, as the USD regains poise and recessionary concerns mount alongside further China COVID crackdownsEZ/UK PMIs were predominantly below expectation and flagged renewed recession concernsLooking ahead, highlights include US Flash PMI and the UK Conservative Party leadership electionRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Bitcoin Magazine
Clown World: UK Gilts, China's No-Win Situation, and European Natural Gas - FEDWATCH 116

Bitcoin Magazine

Play Episode Listen Later Oct 20, 2022 53:12


Hosts: Ansel Lindner and Christian Keroles Watch this Episode: YouTube / Rumble  Clipped down episodes: Fed Watch Clips YT Listen To This Episode:  Apple / Spotify / Google / Libsyn / Overcast / RSS Slide deck for episode Fed Watch is a macro podcast, true to bitcoin's rebel nature. Each episode we question mainstream and bitcoin narratives by examining current events in macro from across the globe, with an emphasis on central banks and currencies. In this episode, CK and I cover a large chunk of the ongoing macro news. First, we update the situation in the UK Gilt market. Then swing over the China to cover developments from the 20th Party Congress, the real estate market, and the general investment climate. Lastly, we discuss the European energy crisis and current storage situation. Join the Bitcoin and Markets telegram for constant updates on bitcoin and macro, and go to bitcoinandmarkets.com to sign up for my free weekly newsletter the Bitcoin Fundamentals Report.   Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!  https://b.tc/conference/2023 Use promocode: BMLIVE for 10% off everything in our store! https://store.bitcoinmagazine.com/

Fed Watch - Bitcoin and Macro
Clown World: UK Gilts, China's No-Win Situation, and European Natural Gas - FED 116

Fed Watch - Bitcoin and Macro

Play Episode Listen Later Oct 20, 2022 54:49


Hosts: Ansel Lindner and Christian Keroles Watch this Episode: YouTube / Rumble  Clipped down episodes: Fed Watch Clips YT Listen To This Episode:  Apple / Spotify / Google / Libsyn / Overcast / RSS Slide deck for episode Fed Watch is a macro podcast, true to bitcoin's rebel nature. Each episode we question mainstream and bitcoin narratives by examining current events in macro from across the globe, with an emphasis on central banks and currencies. In this episode, CK and I cover a large chunk of the ongoing macro news. First, we update the situation in the UK Gilt market. Then swing over the China to cover developments from the 20th Party Congress, the real estate market, and the general investment climate. Lastly, we discuss the European energy crisis and current storage situation. Join the Bitcoin and Markets telegram for constant updates on bitcoin and macro, and go to bitcoinandmarkets.com to sign up for my free weekly newsletter the Bitcoin Fundamentals Report.   Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!  https://b.tc/conference/2023 Use promocode: BMLIVE for 10% off everything in our store! https://store.bitcoinmagazine.com/

Ransquawk Rundown, Daily Podcast
US Market Open: US futures bid, but off best; DXY takes 112.50 & debt under modest pressure

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 19, 2022 3:35


Equities in Europe are mostly lower despite initial positive performance; US futures bid, but shy of best.European earnings include ASML & Nestle; NFLX +13% in pre-market following their after-hours updateFranc flounders as Dollar rebounds alongside bear-steepening in US Treasuries, USD/CHF probes parity as DXY tops 112.500.Gilts dented post-CPI which topped 10%, though clawed back losses to mid-97.00; broader complex pressured, though similarly off worst.WTI and Brent Dec futures are firmer intraday after yesterday's decline, which saw Brent dip under USD 90/bbl but settle at the figure.Looking ahead, highlights include Canadian CPI. Speeches from Fed's Bullard, Evans & Kashkari; BoE's Cunliffe & Mann; ECB's Centeno & Visco. Supply from the US. Earnings from Tesla, P&G, AbbottRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Gilts & GBP pressured as the BoE pushed back on the FT's QT delay report

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 18, 2022 3:28


Equity bourses in Europe trade with gains across the board but are off best levels; US futures are faring betterNZD leads after strong CPI while GBP lags as the BoE pushes back on QT delay reports, DXY firmer but off bestYen pares some losses from under 149.00 against the Dollar amidst some unsubstantiated talk of interventionOverall fixed complex is pressured, with Gilts lagging though Bunds are in close proximity and below 136.00 post poor 7yr-supply and ahead of ECB speak.WTI and Brent December contracts are softer on the session and gave up earlier gains as the DXY creeps higherLooking ahead, highlights include US Industrial Production & Capacity Utilisation, Speeches from Fed's Bostic, Kashkari & ECB's Schnabel. Earnings from Goldman Sachs, JNJ, LMT, Netflix, United Airlines, Interactive Brokers.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
Euro Market Open: Firmer equity open indicated, BoE is reportedly to delay QT until Gilts calm

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 18, 2022 3:46


APAC stocks were positive with the region inspired by gains in global counterparts (SPX +2.66%).European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.2% after the cash market closed with gains of 1.8% yesterday.BoE is reportedly expected to further delay quantitative tightening until gilt markets calm, according to FT.DXY is softer and on a 111 handle, GBP is supported post-QT delay expectations, NZD bolstered by strong CPI.Looking ahead, highlights include German ZEW, US Industrial Production & Capacity Utilisation, Speeches from Fed's Bostic, Kashkari & ECB's Schnabel, Supply from UK & Germany, Earnings from Goldman Sachs, JNJ, LMT, Netflix, United Airlines, Interactive Brokers, Roche.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Risk recovers from APAC pressure, UK assets buoyed pre-Hunt

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 17, 2022 2:53


European bourses see a choppy session but have tilted towards the green after experiencing a mixed cash open.US equity futures see gains across the board following the steep losses on Friday - with the NQ and RTY narrowly outperforming.Gilts gap-up and lead the way ahead of a potential "mini-Budget" U-turn from new Chancellor Hunt, peers buoyed in turn.Pound perkier in turn with the DXY modestly pressured to the benefit of peers across the board.WTI and Brent futures trimmed earlier gains in downside that was exacerbated after reports China is to delay its Q3 GDP release.Looking ahead, UK Chancellor Hunt, ECB's Lane, BoC's RogersRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Macro Trading Floor
Bonds Will Perform Better Than Stocks, Here's Why | Mikael Sarwe

The Macro Trading Floor

Play Episode Listen Later Oct 16, 2022 50:09


On today's episode of “The Macro Trading Floor,” Andreas and Alfonso welcome Mikael Sarwe, director and head of Strategy Sweden at Nordea, to the show. Sarwe argues that with collapsing liquidity driving down the money supply, the ability of market participants to take risk is greatly reduced, and as such the mid-term outlook for risk assets remains poor. Sarwe explains that he remains bond volatility to remain high, but that nonetheless he expects longer-duration bonds to significantly outperform equities over the coming six to nine months. To hear Mikael's actionable trade idea, you'll have to tune in! This episode is sponsored by Saxo Bank. Saxo Bank offers unparalleled market coverage across fiat, crypto and metals. Moreover, they provide free currency subaccounts and competitive interest rates on deposits in local currencies. Learn more at https://goto.saxo/macrofx -- Digital Asset Summit is crypto's most institutional conference. DAS is the only conference that truly combines the worlds of macro finance and crypto, with speakers like Stani Kulechov, Andrew Peel, Lisa Cameron, Jon Cheesman and Thomas Uhm. Visit https://blockworks.co/events/ and sign up for 20% off with code "MACRO." -- Follow Mikael: https://twitter.com/mikaelsarwe Follow Andreas: https://twitter.com/AndreasSteno Follow Alf: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Subscribe To Stenos Signals: https://andreassteno.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- (00:00) Intro (00:44) U.S. Inflation Report (09:05) Is The Bond Market Broken? (13:39) Mikael Sarwe's Recession Thesis (19:04) When Will Central Banks Stop Hiking Interest Rates? (23:33) U.K. Gilts and the Bank of England (BOE) (26:39) Outlook on Bonds (33:22) The Dollar (37:34) The Trade (39:40) Analysis Of The Trade (49:55) Outro -- Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

The Bunker
What the Hell are Gilts and Bonds Anyway?

The Bunker

Play Episode Listen Later Oct 15, 2022 31:40


If talk of gilt markets, securities, and liabilities leaves you baffled – then fear not, we've got you covered. In just twenty minutes, Giles Wilkes, former economics special adviser to Theresa May and Vince Cable and now a senior fellow at the Institute of Government, explains to Alex Andreou what gilts are and why they are at the centre of the current economic storm.   “The gilt market has never reacted this badly to anything in my memory.” “Interest rates play a billion roles in the economy…too many to point at one and say, it's better that it's higher.” “Market confidence will be restored. Eventually. But serious damage has been done in the eyes of international markets.” Support us on Patreon: www.patreon.com/bunkercast  Written and presented by Alex Andreou. Lead Producer: Jacob Jarvis. Producers: Jacob Archbold, Jelena Sofronijevic and Alex Rees. Assistant producer: Kasia Tomasiewicz. Audio production by Jade Bailey. Music: Kenny Dickinson. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Ransquawk Rundown, Daily Podcast
US Market Open: Gilts soar amidst further reports that some UK economic plans may be reversed; European bourses trade on a firmer footing

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 14, 2022 2:56


European bourses trade on a firmer footing in an extension of yesterday's gains; US futures are more containedDXY hovers around 113.00; GBP sits as the laggard as it unwinds some of the prior day's gains, USD/JPY topped yesterday's high of 147.67Gilts are back above 97.00 amidst further reports that some economic plans may be reversed by the UK PM later today who to hold a press conference today at 14:00BST/09:00EDTNorth Korea fires artillery shells off sea, according to South Korean military; into the buffer zones in the east and west seas during the afternoonLooking ahead, highlights include US Retail Sales, US University of Michigan Prelim Survey, Speeches from BoE's Bailey, Fed's George, Cook & Waller, earnings from JP Morgan, Wells Fargo, Morgan Stanley, CitigroupRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Squawk Box Europe Express
SQUAWK BOX, THURSDAY 13TH OCTOBER, 2022

Squawk Box Europe Express

Play Episode Listen Later Oct 13, 2022 25:02


The Bank of England snaps up £4.4 billion in Gilts in its biggest daily move so far, as the emergency programme enters its final 48 hours. U.K. Prime Minister Liz Truss says she will stick to her plans to not cut public spending. ECB hawks Robert Holzmann and Pierre Wunsch tell CNBC they expect rates to keep rising despite fears of a looming recession, with the benchmark rate possibly topping 3%. The Fed comes under further pressure in its inflation fight, with food and energy costs causing wholesale prices to rise more than forecast last month. EU energy ministers agree on plans for a joint gas buying scheme, but fail to strike a deal on a price cap.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Derivative
WTF is LDI, and What's working in Vol Trading with Zed Francis of Convexitas

The Derivative

Play Episode Listen Later Oct 13, 2022 71:09


Cover the kid's ears… because we're going back to our WTF format to ask what the actual Fingazi is going over in the UK with the bank of England raising rates, then buying a bunch of Gilts to save their pensions. The headlines say it's some new-fangled LDI concept which led these pensions into trouble. But our guest this week, Zed Francis of Convexitas, says not so fast… the LDI actually is fine – and it was the reach for yield and adding some longer duration via derivatives which likely caused most of the problems. Zed used to work at Legal & General – which sounds like a UK pub to us, but had a solutions group which created some of these LDI frameworks, so Zed's in contact with some of the guys on the front lines during this shake-out. US pensions also use an LDI framework…is it coming for them too? What are the main differences between US and UK? Is duration the same as volatility in these cases? Are these pensions sort of short gamma? And of course, while we had him, why is some stuff (gamma) working in the Vol space when a lot of popular VIX/Vega based models aren't. SEND IT! Chapters: 00:00-02:37 = Intro 02:38-17:20 = Pension Differences US vs UK 17:21-34:15 = Where does the risk show up, Duration & waterfall events 34:16-43:57 = Leverage: Keeping the drawer closed 43:58-55:42 = Where do Derivatives come in & how to plug the hole 55:43-01:02:02 = Struggles in Vol Strategies 01:02:03-01:11:09 = How Vol has changed Follow along with Convexitas on Twitter @convexitas and for more information visit their website at convexitas.com Don't forget to subscribe to The Derivative, and follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer

The Decrypting Crypto Podcast
Off Chain 10/13/22: Pound Sterling is a Shitcoin.

The Decrypting Crypto Podcast

Play Episode Listen Later Oct 13, 2022 42:32


In this week's episode of Off Chain, we cover the following stories: A deep dive into the current macroeconomic environment with a look more specifically at what's happening in the UK economy and how it's bleeding into the global economy. The Mango Markets $100mn exploit. Damien Hirst begins burning art from his project, "The Currency". Google is using Coinbase Commerce to accept crypto from its Cloud customers.

TreasuryCast
UK Gilts Send Markets Spiraling Following Truss Financial Package Announcement

TreasuryCast

Play Episode Listen Later Oct 11, 2022 5:32


Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th October 2022.

Ransquawk Rundown, Daily Podcast
US Market Open: Sentiment across markets sullied with the ES Dec'22 dipping under 3,600; DXY tested 113.50 to the upside

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 11, 2022 3:33


European bourses are once again underwater; US futures are also on the backfoot with the ES Dec'22 contract dipping below 3600DXY is firmer on the day with a current intraday high of 113.50, G10s are mixed vs the USD with the CAD and AUD the laggardsSchatz and Bund futures both retreated to new intraday lows, 10yr UK debt future also recoiled to a deeper Liffe low, and US Treasuries are narrowly mixed BoE said it intends to purchase index-linked Gilts effective from Oct 11-14, and announced a temporary pause to corporate bond salesTaiwan said that two US Congressional delegations are to visit this week, according to a statementLooking ahead, highlights include US IBD/TIPP, speeches from ECB's Lane, Fed's Harker & Mester, BoE's Bailey & Cunliffe, SNB's Jordan, RBA's Ellis, Astana Summit, auction from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Squawk Box Europe Express
SQUAWK BOX, TUESDAY 11TH OCTOBER, 2022

Squawk Box Europe Express

Play Episode Listen Later Oct 11, 2022 27:54


JPMorgan CEO Jamie Dimon speaks exclusively to CNBC, saying U.S. stocks could double their losses on the year and defending the U.S. Government's new restrictions on tech exports to China. A slump in semiconductor stocks sends the Nasdaq to a two-year low while selling continues in Asia, as chip giants in Taiwan, Japan and South Korea react to new US action against China. President Biden vows to deliver more air defense systems to Kyiv after Russian missiles strike cities across Ukraine, killing 14 and damaging key civilian infrastructure. Gilts come under renewed pressure after separate moves by the Bank of England and the U.K. Chancellor fail to quell concerns over Prime Minister Liz Truss' economic strategy.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

FactSet U.S. Daily Market Preview
Financial Market Preview - Monday 10-Oct

FactSet U.S. Daily Market Preview

Play Episode Listen Later Oct 10, 2022 5:09


US futures are indicating a lower open. European equity markets have opened weaker, following negative Asian trade. Asian markets have started the week off with losses as a follow-on to the Friday US session. The losses have continued into the European session, notwithstanding the Bank of England announcing additional measures to support Gilts and ease liquidity issues. Attention has also remained on Ukraine developments after the Kerch bridge from Russia to Crimea was hit by a massive explosion on the span that carries railway traffic. Companies mentioned: Renault, Nissan, Tat Motors

Ransquawk Rundown, Daily Podcast
US Market Open: European bourses kicked the week off on the backfoot but have since trimmed losses; DXY extends on gains

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 10, 2022 3:39


European bourses kicked the week off on the backfoot but have since trimmed losses; US equity futures are mostly softer but off lows.DXY extends on Friday's gains with the index back above the 113.00 mark, AUD lags and USD/CNH topped 7.1500.Bunds and US Treasuries are off best levels amidst hawkish ECB rhetoric and an upturn in overall risk sentiment whilst Gilts are still deeply underwater.Explosions were reported across several Ukrainian cities on Monday morning including Kyiv, Lviv, Dnipro and Ternopil.Looking ahead, highlights include speeches from Fed's Evans & Brainard, ECB's Lane, US Columbus Day with CME floor trade closed but will be a regular session elsewhere.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

DRUNKENOMICS
GILTy as Sin

DRUNKENOMICS

Play Episode Listen Later Oct 7, 2022 48:27


The Bank of England currently is facing a dilemma where they have to pretty much choose between crushing their government bonds (GILTs) or UK pension plans. To make things worse, OPEC+ has made the condescending decision to reduce oil production by 2 million barrels per day; which will likely cause oil prices to shoot up. However, there might be a light at the end of the tunnel? Sorry for being optimistic... Find us on Twitter, Instagram, & Facebook (Meta) @DRUNKENOMICAL Merch: drunkenomics.myspreadshop.com Patreon: patreon.com/drunkenomics RIP Flynn Goldwater & Stay Drunkenomical!

Ransquawk Rundown, Daily Podcast
US Market Open: Risk sentiment dips in limited newsflow ahead of Fed speak with focus turning to NFP

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 6, 2022 3:00


European bourses are under modest pressure as sentiment broadly takes a slight turn for the worst amid limited newsflow as participants look to Friday's NFP.USD benefits from the mentioned risk tone, with the DXY extending to a 111.35 peak to the modest detriment of peers; though EUR is relatively resilient.Gilts are once again the standout laggard following rating agency action and the BoE DMP showing inflation pressures were already elevated MM before the fiscal update.Crude benchmarks are modestly firmer at present, extending marginally above yesterday's best levels with fresh newsflow limited as participants digest yesterday's OPEC+ action.Softer sentiment has led strength to the USD, to the detriment of metals with spot gold once again capped by the 50-DMA at USD 1722/oz.The EU has approved the 8th round of Russian sanctions, as expected. While N. Korea fired missiles and bombers/jets have been seen.Looking ahead, highlights include ECB Minutes, Speeches from Fed's Waller, Evans, Cook & Mester.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: European bourses/US futures under pressure amid a firmer USD & further debt downside

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 5, 2022 3:17


European bourses are under pressure following the strong gains seen in Tuesday's session with fresh newsflow fairly limited heading into key US data, Euro Stoxx 50 -1.1%.Stateside, ahead of those metrics which will be eyed for further clues around a 'pivot', futures are under similar pressureUSD has benefited from a rebound in yields and perhaps on phycological/technical grounds, DXY nearing 111.00 to the detriment of peersCore debt is pressured across the board with Gilts lagging despite upside from a well-received DMO outing; US yields firmer, though curve is slightly mixedCrude benchmarks are currently dictated by broader risk and are modestly softer as such, though attention will turn to the OPEC gathering shortlyConsensus heading into OPEC is that there will be a sizeable production cut announced, the magnitude of which is unknown but source updates are becoming increasingly skewed towards the top-end of a 0.5-2.0mln range.Looking ahead, highlights include US Final PMIs, US ISM Services, ADP, OPEC, speech from Fed's Bostic.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Broadly constructive risk tone after a RBA tightening slowdown & ahead of Fed speak

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 4, 2022 3:28


European bourses have commenced the session on the front foot as broader sentiment remains constructive largely in a continuation of yesterday's recovery.Stateside performance is very in-fitting, ES +1.5%, ahead of Fed speak and after a constructive update from Foxconn.USD continues to pullback to the broad benefit of peers, DXY sub-111.00 at worst while Cable reclaims 1.14Core debt is bid across the board, though has since dipped from best levels, with Gilts back above 100.00 but still multiple points shy of pre-Kwarteng levels.Crude benchmarks are modestly bid this morning, taking the lead from broader sentiment and associated FX action awaiting OPEC+Looking ahead, highlights include US Factory Orders Speeches from Fed's Williams, Logan, Daly, Mester & Jefferson, ECB's Lagarde, UK Chancellor Kwarteng.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Ransquawk Rundown, Daily Podcast
US Market Open: Pound and Gilts buoyed by a UK U-turn; ISM & Central Bank speak due

Ransquawk Rundown, Daily Podcast

Play Episode Listen Later Oct 3, 2022 2:55


European equities have kicked the week off on the backfoot following the selling pressure seen on Wall Street on Friday whilst the APAC session saw holiday-thinned conditionsUS futures are more of a mixed bag with the tech-laden NQ incrementally lagging peers.Cable lifted to a 1.1279 best sending DXY below 112.00; however, this action has since eased with peers heavily mixed vs. USDCore benchmarks lifted markedly alongside the commencement of Gilt trade following the gov't u-turn, upside which has since easedCrude benchmarks bid on weekend/early-morning reporting around the potential OPEC+ cut magnitudeLooking ahead, highlights include US Final Manufacturing PMI, US ISM Manufacturing, Speeches from Fed's Bostic, Barkin, George & Williams, BoE's Mann & UK Chancellor Kwarteng.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk