TAPR News and Press, Barclays Bank PLC ZC SP ETN REDEEM 24/07/2024 USD 50 - Series A From 07/26/19

By Krishna Memani The Fed prognosticators are having a field day ahead of the upcoming FOMC meeting at the end of July. If you boil down all the rhetoric to the basics, most analyses want to know, at least now, whether the Fed will cut rates by 25 or 50 basis points (bps) in July. ...

I've talked quite a bit in these pages about the extent to which 2019 has been a year defined by an epochal central bank pivot, which has reinvigorated the global hunt for yield to the benefit of risk assets. There was a time not so long ago (perhaps five years ago) when the vast majority o...

By Kevin Flanagan Through the first six months of the year, the global fixed income markets have certainly put in a surprising performance. Indeed, as investors headed into 2019, the consensus opinion was that fixed income would more than likely put in a lackluster showing. As we are all w...

Regular Alt-M readers are no doubt looking forward to the FOMC's announcement next Wednesday. But I doubt they'll be sitting at the edges of their seats between now and then, much less biting their fingernails. Markets have, after all, been anticipating a modest Fed cut ever since the commit...

Be what you would seem to be - or, if you'd like it put more simply - never imagine yourself not to be otherwise than what it might appear to others that what you were or might have been was not otherwise than what you had been would have appeared to them to be otherwise. - Wonderland ...

For all of 2019, I have been watching one analyst after another suggesting investors “fade” the rally in bonds. And, of late, these voices have been getting louder and louder, as I just read yet another article calling for the “Great Unwind” in the bond trade. Wel...

"When I used to read fairy tales, I fancied that kind of thing never happened, and now here I am in the middle of one!" - Alice in Wonderland Here we are at a 2.04% yield on the 10 year Treasury. It seems low, quite low, until you stare at the other 10 year sovereign debt in the world and ...

Ray Dalio is out with another LinkedIn article on his purview of the current and future investing environment. Dalio touches on the subject of Recency Bias and our human emotional attachment to identifying the future based on the recent past. It is Dalio's thesis that paradigm shifts happen ar...

Yield curves have gone mad. Negative yields are everywhere, from AAA-rated government bonds to corporate junk . Most developed countries have inverted yield curves, and a fair few developing countries do too: (chart from worldgovernmentbonds.com) Negative yields and widespread yield c...

The Fed is in the blackout window ahead of the July FOMC, and mercifully so. As we saw on Thursday , the market is exceptionally sensitive to communications around the likely scope of the forthcoming rate cut (i.e., "Will it be 25 bp or 50?"). John Williams's fumbled effort to extoll the vi...