DFVL News and Press, Barclays Bank PLC ZC SP ETN REDEEM 12/07/2021 USD 50 - Ser A From 06/12/19

When, last week, the Treasury issued its currency manipulation report , I thought it was a joke. The Treasury put Germany and Italy on its "monitoring list" of countries suspected of "currency manipulation." Germany and Italy are, of course, part of the Euro, the whole point of which is...

Good news on the monetary policy front. The Fed has been signaling a willingness to ease, and currently, futures markets are predicting a 25 basis-point rate deduction in July (with some probability even of a 50 bp deduction!). Initially, this brought the yield curve down out to several year...

Treasury bond volatility is picking up. That’s a big red flag for the credit market – and yet another sign that the U.S. economic cycle is slowing. Hedgeye CEO Keith McCullough and Macro analyst Darius Dale explain in the clip above how a rise in bond market volatility ...

Years ago before the "Bernanke has all the answers" era, many of us criticized Japan for failing to own its problems. In many ways, the Fed has put America and the global economy on a path that mirrors the same unsuccessful path taken by Japan. This path avoided real reform and bailed out the ...

The bond market is currently a puzzle derived from an enigma influenced by an anomaly. Or is it? Here are some bullets. Riskless overnight US government cash equivalents yield more than 2- or 5- or 7- or 10-year maturity instruments of the same credit risk. That means a market based foreca...

(Source: Wikipedia , quote by St Jerome , editing by the Author, based on a story by Dan Brown, an epigram by Balzac and a painting by Caravaggio) As the next FOMC swiftly approaches, the testing of Chairman Powell’s “patience” by data and global politics is near...

Editor's note: Originally published at tsi-blog.com on June 10, 2019. After spending almost all of 2018 in bearish territory, gold's true fundamentals* (as indicated by my Gold True Fundamentals Model - GTFM) have spent all of this year to date in bullish territory. Refer to the following ...

Rising trade disputes and U.S.-China strategic tensions are increasingly weighing on global risk assets. How are the frictions playing out on the ground in China? A group of our senior investors recently went on a trip to the mainland to take the pulse on corporate sentiment and potential impa...

A string of weak economic data releases and the return of trade tensions with China and Mexico have further diminished the economic outlook lately, which is encouraging traders and investors to price in rate cuts by the Federal Reserve to support the economy. Market participants closely monito...

For several years now, officials at the Federal Reserve claim that they are data driven. Well, the markets continue to take the Fed at its word. After favorable words by Fed Chairman Jerome Powell and other Federal Reserve officials this week, the stock market has took off, bond prices r...