Search Results for QE




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De Jager: "Definitive summit? The Anglo-Saxon press made that up"

Passing on a clarifying (!?) note from Citi analysts… “The first comments, which anticipate a much discussed and possibly without clear conclusions summit in Europe today, were disappointing. Especially on two, at the moment, important issues: banking and the EFSF. Also, the markets themselves were disappointing. Gold has again gone up sharply ($ 1,714 an ounce) as well as raw materials (crude oil $ 111.35 per barrel). This rise is…


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De Jager: “Definitive summit? The Anglo-Saxon press made that up”

Passing on a clarifying (!?) note from Citi analysts… “The first comments, which anticipate a much discussed and possibly without clear conclusions summit in Europe today, were disappointing. Especially on two, at the moment, important issues: banking and the EFSF. Also, the markets themselves were disappointing. Gold has again gone up sharply ($ 1,714 an ounce) as well as raw materials (crude oil $ 111.35 per barrel). This rise is…


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Markets love inflation

By Luis Arroyo, in Madrid | Look at the USA. In the graph above, left scale, the yields (spreads of Treasuries) of BB corporate bonds (red line), and B (green line). Right scale, blue line, inflationary expectations (type of bond at 10 years minus the same inflation protected). A functional relationship can be detected between the variations in inflation expectations and private bond yields. The higher the expected inflation, the…




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The Fed's twist in the words of JP Morgan

JP Morgan expects that US Federal Reserve will announce that it is to auction between $300bn and $400bn in Treasuries with one to three years to reach maturity, and that it will concentrate 70% of its purchases on seven to 12 year-maturity securities while the other 30% will be on longer maturities. The bank believes that the Fed will carry out these acquisitions within the next 6 months. “The benefit…


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The Fed’s twist in the words of JP Morgan

JP Morgan expects that US Federal Reserve will announce that it is to auction between $300bn and $400bn in Treasuries with one to three years to reach maturity, and that it will concentrate 70% of its purchases on seven to 12 year-maturity securities while the other 30% will be on longer maturities. The bank believes that the Fed will carry out these acquisitions within the next 6 months. “The benefit…