Sino-US trade negotiations

global growth

Dormant systemic risk, buoyant geopolitical risk

Yves Bonzon (Julius Baer) | Some investors and market commentators have interpreted the recent and persistent tensions in overnight repo markets in the US as a potential early warning signal of trouble. They draw parallels with the early warnings in credit market in 2007 right before the Great Financial Crisis. The current situation could actually not be more different: same symptoms, but very different cause.