Markets

Just how bad is it after all this turbulence? The extreme fluctuation of fed funds futures is on par with 9/11, the Global Financial Crisis, and the arrival of Covid.

US oil companies are envious of how much money their European peers are making from trading oil and gas. But do they have the stomach for it?

ECB reassurances for AT-1 bondholders may prove key to confidence after the shock in Switzerland. But this banking crisis isn’t over yet.

The wild gyrations in Treasury securities are contributing heavily to the unease infecting investors. The Fed can help.

Junk bond and equity risk premiums show banking turmoil could have a lasting impact on investor psychology.

Can there be only one? The desperate takeover of Credit Suisse by UBS may fend off a crisis, only to push banks further toward natural monopolies.

Despite the region’s impressive growth, events in the US still matter greatly. So much for decoupling. 

The commercial real estate sector is looking especially risky right now.

Crude’s decline is being blamed on speculative money exiting the derivatives market, rather than economic fundamentals.

“Pax Volckeriana” is over, with the pressure of higher rates and inflation showing up — and squeezing out — weaker points in the financial system. How far will it spread and what can the Fed do?

A shaky market and an old-fashioned bank run have given rise to scaremongers and product peddlers who should be tuned out. 

A hard look at share prices show this is more a moment of dilemma than disaster. And then, there’s that one bank that’s clearly too big to fail. 

There’s nothing like bank failure to change the risk calculus, but the latest CPI numbers give the Federal Reserve little reason to not hike rates.

A further bout of pessimism could go a long way toward making REIT yields look attractive again.

The banking implosion has seen a rethink on how the US central bank might proceed. But inflation hasn’t been licked and premature easing could spark another melt-up in stocks.

Markets are predicting a change in the course of interest rates now that there is trouble brewing in the banking sector. 

The futures market is mispricing the outlook for crude.

Elevated bond yields are revealing some nasty surprises. More are likely.

Signs of banking distress are jolting bonds and adding to the litany of worries for investors figuring out where the US economy is at.

With the US labor market still robust, indicators attempting to work out the timing of a recession abound. Meanwhile, China’s post Covid-Zero stock rally is running out of steam.

Are you with TINA or TARA? That’s a trick question. By shunning stocks when their prospects seem poor and alternatives seem enticing, you will miss more rallies than crashes. 

Jerome Powell did not disappoint those who expected him to defend his policy of an extended period of restrictive interest rates. And takeaways from the yield-curve inversion.

The outgoing Bank of Japan governor has overseen a time of consistency and his departure may upend assumptions in markets. Meanwhile, Fed’s Powell will need to be careful what he tells US lawmakers.

Corporate treasurers are learning to live with higher borrowing costs by extending debt maturities.

The credit market looks alarmingly tight given the outlook of rising interest rates and recession fears. But there are reasons for this.