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The economic and financial reaction to the global pandemic has triggered a surge in the US dollar, which itself may amplify the disruption that is evident throughout the capital markets. The macro analysis piece ( The Economic Tsunami that has Begun and the Drive for Cash ) focuses on the fu...
The British government will pay the wages of employees unable to work due to the coronavirus pandemic. More news on: iShares MSCI United Kingdom ETF, Invesco CurrencyShares British Pound Sterling Trust ETF, iShares Trust - iShares MSCI United Kingdom Small-Cap ETF, News on the U.S. econo...
Introduction In the past few weeks, the constant growing uncertainty around COVID-19 has rattle investors’ confidence and led to a global panic with massive repercussions on markets. World equities are now down over 30 percent since their February peak, and global stock and bond mar...
The Bank of England cuts its bank rate by 15 basis points to 0.1% and will increase its balance sheet in response to the economic shock caused by measures to stem the spread of the coronavirus. More news on: iShares MSCI United Kingdom ETF, Invesco CurrencyShares British Pound Sterling T...
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...
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 dollar soared last week as a collapse of equity markets and disruption even to sovereign bond markets unveiled a large shortage of dollars. This shortage was seen in the spread of onshore and offshore dollar rates and in the cross-currency basis swaps. The strain seems less evident in th...
By David Zahn, CFA, Head of European Fixed Income, Franklin Templeton Fixed Income Newly appointed UK Chancellor of the Exchequer Rishi Sunak tore up the fiscal rulebook and unveiled a spend-heavy UK budget, announced just after the Bank of England delivered an emergency interest-rate cut....
It was the day of coordinated policy moves in the UK, as both the Bank of England (BoE) and the government announced significant measures to counter the economic effects of the coronavirus. The synchronization aims to amplify the impact of the actions taken, with the BoE helping credit flow to...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 Company Name:
UGBP 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...