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Overview: It is not just that the dollar soared while stocks and bonds continued to plunge. The dollar's strength is, in effect, a powerful short-covering rally. It was used to fund a great part of the global circuit of capital. The circuit of capital is in reverse now, and the funding curre...
By Chris Turner , Global Head of Markets and Regional Head of Research for UK & CEE & Francesco Pesole , FX Strategist In the current environment, highly vulnerable risk-sensitive currencies may face a further hit due to their low liquidity characteristics. Norway's kron...
By Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE & Antoine Bouvet, Senior Rates Strategist Good take-up of ECB USD swap line Today's ECB swap auction saw good take-up of the 84 day USD auction - US$76bn was allotted. The EUR cross-currency basi...
Overview A new phase of the market turmoil is at hand. Bonds are no longer proving to be the safe haven for investors fleeing stocks. The tremendous fiscal and monetary efforts, with more likely to come, have sparked a dramatic rise in yields. Meanwhile, equities are getting crushed again. S...
By Petr Krpata , Chief EMEA FX and IR Strategist et al. As Covid-19 spreads across Europe causing more and more countries to take extraordinary measures, Central and Eastern Europe is no exception. Following some big market and central bank moves, our CEE specialists have updated our...
Overview: While the markets are not as disorderly as they have been, the tone is fragile, and the animal spirits have been crushed. Australian stocks fell more than 10% last week and dropped another 9.7% yesterday before rebounding by almost 6% today to be one of the few Asia-Pacific equity ...
Macro News Global: As more and more countries are now facing a national lockdown, central banks have been taking coordinative actions in the past two weeks, cutting rates aggressively and announcing the launch or the expansion of asset purchase programs in order to avoid a complete meltdow...
The basic economic problem As Keynes pointed out, entirely free markets do indeed work - eventually. The problem is that an economy can get stuck at less than fully productive output levels and get stuck there for considerable periods of time. Like, years and years is a possibility. Theref...
The dollar is the world's reserve currency, which means it is the foreign exchange instruments that most central banks hold in their reserves. The euro is the second choice when it comes to the currency, central banks around the world hold. A reserve currency reflects economic stability and ...
Markets have been frankly wild recently. Equities have collapsed firmly into a bear market. Politics may be playing a part, while the coronavirus (which causes the COVID-19 disease) is still taking center stage, yet it is important to consider that equities were considerably strong going into ...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E571 Company Name:
DEUR Stock Symbol:
NYSE Market:
Citigroup Global Markets Holdings Inc. (“CGMHI”) announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the “ETNs”). Holders of the ETNs will receive a cash payment per ETN in...