What Bond Traders Are Most Worried About Right Now

The latest BofA credit investor survey finds that while geopolitical risk remains credit investors' top concern not surprisingly oil prices moved into second place, while - with the rally in financial markets - asset bubbles jumped into third position.

Why Wage Growth Is So Weak

Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time now...

WTI Sinks After Surprise Crude Inventory Build

WTI has roller-coastered higher since last week's 'bullish' API report and rose today for the 6th of the last 7 days (on Saudi cut hype). While many eyes are on record high shale production, the recent trend in inventory draws remains key but API upset that dream briefly as Crude saw an unexpected build (+1.628mm vs -3.5mm exp). Gasoline and Distillates saw major draws (much bigger than expected) and Cushing saw its first build in 8 weeks.