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A Couple of Afternoons With Jerome
The Fed Chief’s 2-part testimony on The Hill (Wednesday-Thursday), with the FOMC minutes (also Wednesday) form the crux of the upcoming week’s CB action.
The GBP Week – Bias is Bearish
We find it intriguing that current BOE rate cut in 2019 probability stands at 44% vs last week's (3rd) peak of 53%. Perhaps that's the difference between soft and hard data...
Euro Corp Snapshot: Primary Remains a Seller’s Market
The week's EUR7.95bn of paper attracted combined demand of EUR24.3bn (had peaked at EUR27.35bn) with the average cover ratio standing at a healthy 3.29x, suggesting that plenty cash remains available to support primary offerings.
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