ratings

BOJ "Fires Warning At Bond Market" Sending Global Yields, Dollar Lower; All Eyes On Yellen

Global bond yields and the dollar both weakened after the Bank of Japan offered to buy an unlimited amount of debt at fixed yields, stabilizing the global bond rout, while investors awaited testimony from Fed Chair Janet Yellen that will help shape the outlook for interest rates ahead of a December rate hike that is now seen as near certain.

Frontrunning: November 10

  • Trump Victory Starts New Era for GOP (WSJ)
  • President-Elect Trump Goes to Washington to Begin Transition (BBG)
  • Trump Team Plans First Months (WSJ)
  • The Promises of President-elect Donald Trump, in His Own Words (BBG)
  • Donald Trump Transition Team Planning First Months in Office (WSJ)

"I Don't Want To Work 'For' The Government"

"If Clinton wins... That level of taxation would make me feel like a government employee. The vast majority of my time and energy would go toward making money that politicians would decide how to spend. That doesn’t feel like a rewarding life..."

Frontrunning: November 3

  • Cubs Win 1st Series Title Since 1908, Beat Indians in Game 7 (BBG)
  • Trump, Clinton blast each other on character; Clinton rises in poll (Reuters)
  • Trump-effect grips world stocks, dollar (BBG)
  • No Brexit without Parliament approval: High Court (Reuters)
  • With Iraqi troops at Mosul's gate, Baghdadi promises victory (Reuters)
  • China Slowdown Deepens Looming Pension Crisis (WSJ)

Italy Seen More Likely To Exit Eurozone Than Greece; Italian Bond Yields Surge

In an unexpected reversal of (mis)fortune, this morning Sentix writes that the Eurocrisis creeps back into the heads of the investors in a new way: it is no longer Greece, but Italy which is now the country that is most likely to leave the Eurozone within the year from the perspective of the more than 1,000 investors surveyed. "This development underscores the importance of the referendum to the Constitution in Italy on December, 4th."