Merrill

Merrill

Frontrunning: December 6

  • For Europe’s Unity, 2017 Will Be a Year of Reckoning (WSJ)
  • Oil dips as OPEC, Russian output rises ahead of production cut (Reuters)
  • The Pessimist's Guide to 2017 (BBG)
  • Donald Trump’s Message Sparks Anger in China (WSJ)
  • Brazil’s Reform Plan in Disarray After Senate Chief Removed (BBG)

Muni-Massacre Leaves Bonds Most-Oversold Ever

US Municipal Bond yields have now risen for 10 straight days, spiking from 1.72% to 2.34% today - the highest since July 2015. This crash has now moved munis to the most-oversold-ever as the group suffers the biggest fund outflows since 2013's taper tantrum.

Global Bond Investors Lose A Third Of A Trillion Dollars In One Day

Following yesterday's bond rout - which continues today - global bond nvestors have suffered $337 billion in losses on their bond holdings in a single day Wednesday "as Donald Trump’s election as U.S. president sparked concern his plan to boost economic growth will lead to a surge in inflation."

Podesta Files Part 27: Wikileaks Releases Another 1,100 Emails, Total Is Now 44,218

In the final stretch of the presidential race which has just a few days left, Wikileaks continues its ongoing broadside attack against the Clinton campaign with the relentless Podesta dump, by unveiling another 1,114 emails in the latest, Part 27 of its Podesta release, bringing the total emails released so far to exactly 43,104.

Podesta Part 26: Wikileaks Releases Another 1,135 Emails, Total Is Now 43,104

Iin the final stretch of the presidential race which has just a few days left, Wikileaks continues its ongoing broadside attack against the Clinton campaign with the relentless Podesta dump, by unveiling another 1,135 emails in the latest, Part 26 of its Podesta release, bringing the total emails released so far to exactly 43,104.