RESEARCH CONTENT This note undertakes a simple exercise. It constructs “Basic” real yields by subtracting current and Central Bank...

RESEARCH CONTENT Recent Grey Fire Horse research has highlighted that current cross market interest rate differential price action would...

RESEARCH CONTENT Beyond stronger than expected economic data and central bankers surprising with their hawkishness, there are two other...

RESEARCH CONTENT Comprehensive monthly review covering the following topics: Macro - Private Sector Debt Dynamics: a headwind for future...

RESEARCH CONTENT The SNB surprise policy change and subsequent FX move is a reminder that the scenario of the uniform rate cuts currently...

RESEARCH CONTENT The Bank of Japan pressed the smallest possible button on Monetary Policy, removing negative rates but keeping them as...

RESEARCH CONTENT Financial markets seem all over the place, but there are some interesting moves taking place. Equities are buoyant...

Research Content This note provides a brief analysis of what drives the price of Gold and why there is now an interesting opportunity...

Research Content This note examines the recent assertion by Central Bankers that there is little risk in delaying rate cuts. In summary:...

Research Content Analysis of the latest monthly data which was slightly weaker than expected and its potential impact on an already...

Research Content Discussion on upcoming US Orders and PCE, Japanese CPI and recent RBA Minutes and impact on markets Market observations...

Research Content Charts showing that USTs, Gilts and Bunds are all sitting between very important resistance and support levels, a...

RESEARCH CONTENT Recent research dives into Canadian and Australian Macro and financial markets concluded that they are in pretty similar...

RESEARCH CONTENT: In the light of the recent Japanese downward inflation surprise, this note updates Japanese government and private...

Research Content Following the NFP, which delivered another outsized move in bond yields, this note examines some issues that are...

RESEARCH CONTENT This report discusses the market speculation about when the BoJ would tighten policy and take rates positive. It notes...

RESEARCH CONTENT Yesterday the Bank of Canada kept rates unchanged and noted that "the economy had stalled since the middle of 2023,...

REPORT CONTENT This note examines recent extreme bond moves, trying to assess whether it is something new or just a correction offering...

REPORT CONTENT This note looks across different bond yields and curves looking for value. It follows the recently published report that...

Over the last 20 years, the 2 year US Treasury has only declined 7 times by 20bps or more in a single day. Looking at previous rate hike...