I think US housing is the single best trade in the world. Mortgage rates are rising fast but 7 hikes are now priced in for this year and a few more after that. I just can’t see a sudden stop in demand with borrowing rates up 50 bps in the past couple months.From CIBC: Freddie Mac reported that the 3
Archiv für den Monat: März 2022
Why the Fed’s Bullard wanted to hike by 50 basis points and start quantitative tightening
St Louis Fed President James Bullard dissented in Wednesday’s decision. He called for a 50 bps hike and also wanted to start trimming the balance sheet. He noted that the economy will grow above trend in 2022 and 2023 and further strengthen a jobs market that’s „already stronger than it’s
USD/JPY pops back aboe 119.00 as it threatens the weekly high
USD/JPY has found a fresh bid despite the malaise in Treaasuries today. The pair is up 48 pips to 119.08 in a broadening dollar rebound. That’s just shy of the post-Fed high of 119.12.
A break of that would be a fresh high since 2016 and a close above would confirm the break of the late-2016 high. I
A break of that would be a fresh high since 2016 and a close above would confirm the break of the late-2016 high. I
Poland is pushing for Russian energy sanctions but the bar is high = Eurasia group analyst
There are some interesting comments out from Eurasia Group analyst Mujtaba Rahman today, citing ’senior EU officials‘.
He said there is no appetite among European states for energy import bans, with the exception of Poland and Baltic states. That could change if there are chemical or nucle
He said there is no appetite among European states for energy import bans, with the exception of Poland and Baltic states. That could change if there are chemical or nucle
OPEC+ continues to under-produce quotas
WTI crude oil is up $1.75 today to $104.80. It had earlier been as high as $106.28.There’s plenty of talk about OPEC pumping more but there’s a decent case that OPEC doesn’t have as much spare capacity as it claims. Two OPEC+ sources cited by Reuters said compliance with oil production cuts rose to