FUD News and Press, UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641737

Summary Since Powell shocked the world with an unexpectedly hawkish speech last week, the market has been struggling to guess just how much worse a tighter Fed is going to be for the economy. As a first pass, the market has decided that it looks a bit scary: most risk assets are d...

Wheat futures in Chicago rebounded Tuesday from the lowest close in a month on Friday, as accusations of war crimes perpetrated by Russia in Ukraine are leading to fresh sanction proposals which helped lift U.S. grains and other commodities. Continued stress on exports coming out of the Black...

The conflict in Ukraine has already led nations to reassess their energy security, but with two of the world's biggest grain exporters at war, food security is also making waves. The Hungarian government now has the option to buy any grain destined for export, while Moldova and Serbia have re...

The September Prices Received Index 2011 Base, at 108.6, -0.6% from August 2021, but +22.0% from September 2020. The crop production index -1.5% M/M to 108.2; the livestock index was flat at 109.0. Food grains +6.7% M/M and +43.0% Y/Y. Feed grains -13.0% M/M and +57.0% Y/Y...

The market has been focused on reopening trades, used cars and rents on inflation. Full-service restaurants reported YoY inflation of 5.2% in September, their highest level on record (going back to December 1998), while limited-service restaurants saw an increase of 6.7%, their highes...

The August Prices Received Index 2011 Base, at 109.4, +2.3% from July 2021, but +26.0% from August 2020. The crop production index +2.9% M/M to 109.8; the livestock index was +1.7% at 109.0. Food grains +13.0% M/M and +44.0% Y/Y. Feed grains +2.9% M/M and +94.0% Y/Y. Oilseeds -...

Exchange-traded funds, or ETFs, are sometimes punted as an alternative to direct investments on metals exchanges, like the LME or CME. But as a recent article in the Financial Times suggests, ETF investors are facing a similar question to trade or hedge fund speculators in estimating ...

Following the economic disruption of the COVID-19 pandemic and the unprecedented stimulus response, supply bottlenecks and a rebound in demand have been a feature of 2021. We observe that a diversified portfolio approach has had the highest correlation to upside inflation and the leas...

After the pandemic’s initial spending splurge, the bill is due, and global growth is mean-reverting again. Treasury yields are confirming the disinflationary ride as we thought that they should. Similar trends are unfolding in the great hot north, with Canadian government b...

The June Prices Received Index 2011 Base, at 107.3, +0.9% from May 2021 and +22.0% from June 2020. The crop production index +1.4% M/M to 107.1; the livestock index was +0.7% at 107.6. Food grains -6.6% M/M and +28.0% Y/Y. Feed grains +1.3% M/M and +88.0% Y/Y. Oilseeds -1.8% M/M and...