Negative Yield Explosion
The ECB, and to a lesser extent the Fed, set off a ‘hunt for yield’ which sent yields tumbling and the volume of negative yielding debt soaring to nigh on $13 trillion globally
Euro Corp Comment: NICs Head Sub-Zero
In a week where ECB president Draghi signalled that another round of stimulus may be forthcoming and the Fed also out-doved markets, corporate issuance kept ticking along nicely with another 16 tranches printing for a combined EUR8.65bn.
Trade Idea – Selling NZD/NOK
Given most rival G10 CBs are dovish presently there are a fair few potential NOK buys out there, but we're choosing Kiwi as our short in RBNZ week
Read more from The Context and subscribe to have it delivered to your inbox each week!