Tag Archives: Monetary Policy

The reversal of Operation Twist and ramifications for the yield curve

Bond Vigilantes 26/04/2018  

The flattening of the yield curve is carefully watched by investors as it is traditionally a good indicator of an economic slowdown. However, we always need to question conventional wisdom,… Read more »

Here are some of the scariest charts in finance to celebrate Halloween

Bond Vigilantes 31/10/2017  

Investment markets have been remarkably resilient over the course of 2017. Sure, the geopolitical environment has thrown up a few frightening days which saw markets sell-off but on the whole… Read more »

European Central Banks: it’s not just the ECB meeting on Thursday

Bond Vigilantes 25/10/2017  

While the market gears up for the much anticipated European Central Bank meeting on Thursday, there are two other European central banks due to meet earlier in the day; Sweden… Read more »

Is it time for the Bank of England to target nominal GDP?

Bond Vigilantes 22/09/2017  

In December 2012, the then Governor of the Bank of Canada, Mark Carney, gave a speech entitled “Guidance” to the CFA Society of Toronto. Less than two weeks earlier, the… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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A problem with U.S. average hourly earnings, and why it may be understating the true picture

Bond Vigilantes 16/05/2017  

The last time the US had an unemployment rate below 5% and inflation expectations around 2%, the Fed funds rate was above 5% and had been aggressively hiked in the… Read more »

BVTV: Europe’s turn for positive surprises

Bond Vigilantes 15/05/2017  

The Eurovision song contest may be over for another year, but Europe’s capacity to surprise could well continue. Tune in to the latest edition of BVTV, where Anjulie Rusius joined… Read more »

Which bonds have benefitted most from the ECB’s corporate bond buying programme?

Bond Vigilantes 11/05/2017  

European investment grade (IG) corporate bond spreads are now more than 40 basis points tighter than in early March 2016, before the European Central Bank (ECB) announced the expansion of… Read more »

BVTV: Relief rally gets new legs on Macron victory

Bond Vigilantes 08/05/2017  

EU officials are breathing their latest sigh of relief this morning, after French voters opted for centrist candidate Emmanuel Macron over far-right rival Marine Le Pen in yesterday’s second round… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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The Israeli Shekel: Flying under the radar

Bond Vigilantes 03/05/2017  

Though the recent US Treasury report did not name any country as a currency manipulator (see more details on this in Mario’s blog), the monitoring list centres on larger economies… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Canada’s increasingly divergent rate path

Bond Vigilantes 21/03/2017  

Yields on Canadian sovereign bonds have been dragged higher in recent months, with the yield on the 10-year bond recently reaching 2 year highs. This sell-off appears to reflect the… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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