CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 08/09/23

2023-08-09 07:15:00 ET Summary Today, the Treasury sells $38 billion 10-year notes, whose auctions have been less than stellar recently. The US 10-year yield reached 4.20% last week and is now straddling 4%. Equities are stabilizing, though Japanese and Chinese markets are trading...

2023-08-08 06:56:00 ET Summary Equities are weak, but bond markets are strong despite the surprise tax on Italian banks announced yesterday and the kick-off of the US $103 billion refunding today. Outside of Japan and Australia, Asia-Pacific equity markets were lower led by a 1.8%...

2023-08-07 13:30:00 ET Summary We see emerging markets better withstanding volatility and benefiting as supply chains rewire. We switch our EM debt preference to hard currency from local. Developed market stocks slid last week and long-term bond yields jumped as markets focused on...

2023-08-07 06:58:00 ET Summary The US dollar is recovering today after it was sold following the jobs report before the weekend. It is enjoying a firmer bias against nearly all the G10 currencies. Most EM currencies are softer, with only a few Asian currencies edging higher today,...

2023-08-05 10:45:00 ET Summary US CPI likely to rise for the first time since June 2022, while China's CPI is expected to go negative on a year-over-year basis. Divergence in policy is driving the exchange rate, with Beijing using soft power to moderate the yuan's weakness. St...

2023-08-04 09:50:00 ET Summary The dollar is mixed against the G10 currencies. The Scandis and Antipodeans are advancing. The Swiss franc is leading the losers, with a 0.4% decline after yesterday's softer-than-expected July CPI. The other major currencies are slightly softer. ...

2023-08-03 13:40:00 ET Summary The US dollar has extended it gains today against the G10 currencies and most emerging market currencies. The yen has recovered a bit after the BOJ stepped in and bought JGBs for the second time this week at market prices. Equities extended their...

2023-08-01 07:05:00 ET Summary The Reserve Bank of Australia left rates steady and the poor Chinese Caixin PMI is weighing on the Australian dollar, which is off about 1.25% today. Sterling is the best G10 performer, off about 0.1%. Emerging market currencies are also nearly all l...

2023-07-20 00:20:00 ET Summary It was a strong quarter for emerging markets debt despite a mixed economic backdrop around the world. Although Honduras has the capacity to service its debt, we have concerns about its willingness to pay. Bahrain and Oman are still very dependent...

2023-07-19 20:25:00 ET Summary After arguably the worst year on modern record in 2022, it was our belief that this year was set up to be a potential positive experience for the bond investor. Despite continued rate hikes from the Federal Reserve and other global central banks, fix...