It’s the weekly bond edition of What the FICC?
The relative strength of Emerging Market bonds shores up the ongoing bottoming process for risk assets.
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Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly bond edition of What the FICC?
The relative strength of Emerging Market bonds shores up the ongoing bottoming process for risk assets.
Check it out!
by Ian Culley
From the Desk of Ian Culley
It’s impossible to ignore – investors are reaching for risk.
Biotech stocks are catching higher. Copper futures are working on their tenth up-day in a row. Even the Emerging Market HY Bond ETF $EMHY is breaking to 7-month highs as it completes a multi-month base.
And don’t forget about Silver! Gold’s crazy cousin has proven by far the best-performing asset since the US dollar peaked last fall. Strength among these market areas indicates a healthy risk appetite.
I can’t overlook these signs of a constructive bottoming process, especially considering the next chart…
by JC
This is the video recording of the January 2023 Mid-month Conference Call.
by Ian Culley
It’s the weekly bond edition of What the FICC?
Credit spreads around the world are sending a clear message: “Relax.”
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by Ian Culley
From the Desk of Ian Culley
If bond markets aren’t stressing, why should we be?
They’re the largest markets in the world. That’s why we constantly monitor credit spreads for signs of structural weakness and elevated risk.
But, as of now, we’re not seeing the slightest hint of impending catastrophe.
Despite the doom-and-gloom headlines popping up in your inbox and financial media talking heads spinning an imminent recession…
Credit spreads around the world are sending a clear message: “Relax.”
by Ian Culley
It’s the weekly bond market edition of What the FICC?
Today we’re highlighting potential failed breakouts in European benchmark rates.
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by Ian Culley
From the Desk of Ian Culley @Ianculley
Whether you’re looking across the curve or around the world, interest rates continue to rise.
Benchmark rates in Germany, France, Spain, and Portugal hit fresh multi-year highs last week. Interestingly, the US 10-year yield did not. And neither did the two-, 5-, or 30-year yields.
I’m not claiming US yields have put in a lower high. It’s far too early to assume that. A downside resolution below last month’s pivot lows needs to materialize before making that claim.
Nevertheless, the lack of confirmation from US interest rates is intriguing, especially as European yields turn lower this week.
by JC
This is the video recording of our January 3rd Monthly Charts Live Strategy Session