Headline inflation slows to 6.83% on the back of a larger drop in energy prices and a moderation in food price hikes. But core inflation (ex-food, energy & alcohol &…
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Thursday’s benign US inflation report came on the back of renewed concerns about the state of the Chinese economy. Chinese shares are down again this morning. Taken together, last week…
The Fitch downgrade has been treated with derision in some quarters. But in the cold light of day, it was justified. In truth, it could have come a lot sooner….
BoJ’s effective control over JGB yields at 0.5% helped propel stocks to new highs in July. JGB yields are climbing after the YCC shift on Friday, but Japanese real yields…
Change to YCC in Japan, with new effective yield cap of +1.0% on 10-year JGB. JGB yields jumped, but there is a long way to go. Indeed, the yen has…
TIPS yields are headed even higher: this is the takeaway from last week’s strong economic data. The labour market is getting tighter. Real incomes are rising. US growth is accelerating:…
The y/y for real GDP growth accelerated in Q2 on the back of stronger services. This was in part due to base effects: the s.a. q/q rate slowed from 2.2%…
