ADP. The 2-yr UST yield is down -8bps after US employers added only 145k jobs in March, versus an expected figure of 210k. Gold ...
That was the message in Jamie Dimon’s annual letter, warning of repercussions from the banking crisis for “years to come."...
Versus bonds, equities are showing low vol, with the VIX below 20. In fact, volatility has dropped back to pre-banking crisis ...
Citi raised its US equities call from underweight to overweight. GS is calling for the S&P to increase more, at least through Apr...
Investors are betting that (i) we’re nearing peak interest rates and (ii) the banking crisis is under control. Tech is up. Ret...
Former UBS CEO Ermotti is back in the saddle to manage the combination of UBS and CS. Current CEO Hamers will depart on Apri...
There’s been a lot of crowding into tech/digital economy/longer duration lately. BBG even noted that the gap between growth a...
First Citizens is popping today because it is going to purchase around $72.5bn SVB assets at a discount of $16.5bn, plus they ente...
Deutsche Bank is in focus this morning after a spike in its cost of insuring it against default. DB announced it would redeem a ti...
yesterday here in the US. Inflation prints in the UK are still hot, so the two central banks appear to be on the same trajectory-...
Overnight international markets were up, driven by positive US markets yesterday and additional progress towards securing gl...
Too many to share today. Goldman suspended its research rating on $FRC. JPM is advising $FRC on strategic options while being ...
MS’ Wilson is calling for a painful and vicious end to the US bear market as credit tightening pressures growth. A bear at h...
$FRC is still on shaky ground today with investors, even after proposals for $30bn in ad from big bank peers, the largest of ...
Front-end UST yields fell -25bps, and the broad curve steepened +18bps as US UST yields followed their DM peers lower amid a...
CS is down to hit another all-time low for a second day in a row after Saudi Natl Bank (it’s biggest backer) said it won’t ...
US Core CPI increased by +0.5% in Feb and +5.5% y/y, so underlying inflation is going in the wrong direction for the Fed. ...
The various lifelines being given to financial institutions matter a lot. Underwater positions in portfolios only hit capital acco...