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COOPERCITY report

Carney and Rates and Markets

I am slightly confused why £ fell on Carney’s rate cut speech because as I wrote last week, the gilt market had priced in rate cuts by first thing last Friday. Although I guess that is why macro hedge funds exist – to trade differences between markets. Having said that gilts also rallied strongly with the 2 year yield now below 0.1% (around 0.2% on Monday) and the 10 year yield at 0.85% (around 0.95% Monday). 10yr gilt yields have now fallen to record lows […]

Capital flight? Where the hell would it go?

According to Bloomberg there is currently $8.73 trillion of negatively yielding sovereign bonds in the world: bloomberg article Which begs the question, if capital does flee the UK as a result of last week’s Leave vote (as various Remain campaigners claim) where the hell will it go? The risk to the Leave result is that […]

Markets are digesting the news..

Markets are in need of a bit of Gaviscon… So what is going on? Rates: More uncertainty and economic slowdown mean that markets are pricing in lower rates both in UK US and Europe. UK 10 year gilts: This shows the borrowing costs for the UK government for ten year debt and is the tick […]

Louise Cooper, CFA, columnist, commentator, speaker and reporter on today's economy and market activity – business, industry, money and personal finance.
'a brilliant communicator with the skill of
making the complicated
comprehensible…a superb depth of financial industry knowledge'
Justin Urquhart-Stewart

with the skill of
making the complicated
comprehensible…a superb depth of financial industry knowledge'
Justin Urquhart-Stewart

Louise Cooper, CFA, columnist, commentator, speaker and reporter on today's economy and market activity – business, industry, money and personal finance.
'a brilliant communicator with the skill of
making the complicated
comprehensible…a superb depth of financial industry knowledge'
Justin Urquhart-Stewart

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