Prop. Trader - Global Macro, Fixed Income (G10 govies and credit) - CFA Charterholder https://xitter.gq/t.co/ud0FsanIo6
Joined July 2015
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Morning,
Yesterday I wrote some thought on european rate envioronment
Talked of terminal rate estimates, term premium and curves
Below the link
*LAGARDE: LONG END OF CURVE HAS RISEN ACROSS THE WORLD
*LAGARDE: HIGH-DEBT COUNTRIES NEED TO KNOW RATES WILL BE HIGHER
*LAGARDE: HIGH-DEBT COUNTRIES NEED TO KNOW RATES WILL BE HIGHER
*LAGARDE: ECB HAS TOOLS TO ADDRESS TRANSMISSION DISRUPTIONS
OAT widening on that
*LAGARDE: LONG END OF CURVE HAS RISEN ACROSS THE WORLD
*LAGARDE: HIGH-DEBT COUNTRIES NEED TO KNOW RATES WILL BE HIGHER
*LAGARDE: HIGH-DEBT COUNTRIES NEED TO KNOW RATES WILL BE HIGHER
I totally agree here
Receiving the belly is fine looking at the fall in surprise index and the tightening in financial conditions
Tightening in financial conditions in Eurozone, accellerated the fall in surprise index. With the front end anchored by monetary policies, curve (5s30s) accellerated the flattening.
2/3 of fallen angel candidates in euro credit come from auto sector.
STLA and F, but pricing is different for the two names
"NZD/USD is heading for its biggest decline since March in the wake of the surprise RBNZ’s interest rate hold"
Bbg
©️redit From Ⓜ️acro to Ⓜ️icro retweeted
BRAZIL'S FLAVIO BOLSONARO IS ON A PLANE HEADING TO THE US, US OFFICIAL SAYS
After the relief rally yesterday (with no downgrade by Moody's), some new widening today on OAT-bund
©️redit From Ⓜ️acro to Ⓜ️icro retweeted
BREAKING: Brazil's election could be annulled, according to the New York Times.
Electoral lawyers say Brazil's current situation is "extremely serious" and a "critical situation."
The NYT reports that confusion over a last-minute voting extension by Justice Cristiano Zanin, who was appointed by Lula, could lead to the election being annulled.
"This is an extremely serious, critical situation," said electoral lawyer Priscilla Sodré Pereira to the New York Times.
When Zanin made the last-minute decision to extend voting hours, some polling stations had already closed and shut down their voting machines. They could not reopen.
"Fernando Neisser, an electoral law professor at Fundação Getulio Vargas, a Brazilian research institute, said the election could be annulled if the margin is very narrow and it is shown that polling stations stayed open longer in areas that strongly favor one candidate," the NYT reported.
Wow.
This post by @elonmusk explain very well the points I discussed in my last piece on SpaceX.
The demand for funding for capex in AI is High and only low debt and cash Rich companies Will be able to fund for It
