FIEE News and Press, UBS AG FI Enhanced Europe 50 ETN due February 12 2026 From 06/18/22

For once, it isn’t the Fed’s stance that is keeping bond investors up at night. The Fed and financial markets now seem more aligned both on the path for rates and on economic prospects. This doesn’t mean rate upside has reduced however. For one thing, the Fed ...

This past week felt like a big moment for central banks, collectively, as well as financial markets more broadly. There are still those like the BoE that still believe that slow and steady will win the race, or the BoJ that doesn’t actually have an inflation problem, but rather...

The ECB is finally taking the measure of financial fragmentation risk in the eurozone. In addition to existing tools, it is working on a new instrument to prevent further widening of sovereign spreads. We'll await more details, but the announcement has likely changed the trajectory of...

Healthy pre-provision income and strong capital levels will allow banks to manage their remaining exposure to Russian counterparties. Since Russia’s invasion of Ukraine in February, all EU banks with exposure have confirmed that they have not permitted any new commercial activi...

As inflation readings around the world come in well above targets, many central banks have sped up their plans to tighten monetary policy after years of historically low interest rates and bond purchase programs. However, the European Central Bank (ECB) is notably absent from the list...

The dynamics of higher inflation are mostly global in nature. The current environment is uncertain and the range of outcomes for European inflation remains wide. Inflation hedges remain cheap relative to history and are not appropriately reflecting the upside risks to the inflatio...

The ECB left its key interest rate unchanged at -0.5%, which is amazing considering that market rates have been rising and inflation in the eurozone is higher than in the U.S. The ECB is so far behind the inflation curve and market rates that they have guaranteed a weak euro, which ir...

Over the past quarter-century, central banks such as the U.S. Federal Reserve and the European Central Bank have often stepped in and eased monetary policy when equity markets sold off. Now that inflation has risen to above 8% in both Europe and the U.S., lowering rates when the equit...

We’re not buying the stock dip because valuations haven’t really improved, there's a risk of Fed overtightening, and profit margin pressures are mounting. Stocks fell and yields jumped last week on news of persistent U.S. inflation and rapid euro area rate hikes, showing...

Before the supply-constrained economy that emerged after Covid, and the war in Ukraine, attempts of a sustained rise in global short-term interest rates had to contend with the fact that at least two major central banks, the ECB and the BOJ were stuck in the mud at the zero bound. Now...