Posts filtered by: sovereign bonds

Dodd - Frank: Bad To The Bond(holders)

8 April 2020

With the implementation of the 2010 Dodd-Frank Act being enacted, although not completely written, there have been many negative unintended consequences coming to light. The overarching intent of this Act, specifically the Volcker Rule, was to reduce the scope and limit the...

Greece, Puerto Rico, Chicago, et al.

17 July 2015

In the July 16th, 2015 edition of the WSJ, columnist Greg Ip states it perfectly: “sovereign defaults are like cockroaches – there is seldom just one.” Spain, Italy, and Portugal, which share the Euro currency with Greece, face the same daunting task of paying down their enormous debt obligations in...

Flat Week, ENORMOUS Moves

1 May 2015

Despite a relatively unchanged US equity market, this week was anything but flat for key global data points. We saw a massive move in the FX market as the EUR/US Dollar spiked from 1.08 to 1.12, nearly a 4% rise. West Texas Intermediate (WTI) Crude Oil...

Markets Grind Higher

24 April 2015

Despite generally lackluster earnings, the S&P 500 index rose more than 1.7% during this past week and closed at an all-time high. The upside move in domestic equities comes on the heels of rising global sovereign bond rates. Most notably, the sell-off in the 10yr German Bund caused the yield...


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