Colin Lloyd

Since 2008 US 10yr T-bond yields have fallen from more than 5% to less than 2% German 10 YR Bund Futures have fallen even further from 4.5% to less than zero With Central Bank inflation targets of...

In the long run - will technology change the prospects for emerging market growth?The challenge to low-cost manufacturing in emerging markets is from technology Some industries will benefit but many...

US 30yr Swaps have yielded less than Treasuries since 2008 – does it matter? With 30yr Swap yields below T-bond yields arbitrage should be possible Higher capital requirements have increased the...

An EC white paper on the future of Europe was released at the beginning of the monthA multi-speed approach to EU integration is now considered realistic Will a “leaders and laggards”...

Yield Curve Control – the road to infinite QE The BoJ unveiled their latest unconventional monetary policy on 21st September In order to target 10 year yields QE must be capable of being...

54% of government bonds offered negative yields at the end of August Corporate bond spreads did not widen during last week’s decline in government bonds Since July the dividend yield on the...

During August the financial markets have been relatively quiet, however, the Bank of England (BoE) cut interest rates on 4th and added Investment Grade Corporate bonds to their Asset Purchase...

Should the UK leave the EU, Euro volatility will followIf the UK remains, the Euro experiment might still be scuppered The problems of the EU periphery are not solved by the UK remaining Whilst the...

Macro Letter – No 53 – 22-04-2016US growth – has the windfall of cheap oil arrived or is there a spectre at the feast? Oil prices have been below $60/bbl since late 2014 The benefit...

How do we square the decline in trade with the rebound in industrial commodities? Global Manufacturing and Service PMI are in sharp decline Chinese Iron Ore rallied 19% on Monday alone Chinese GDP and...