There are several reasons why risk should start selling off once again. The spikes in dollar/yuan are once again suggesting the capital outflow pressure hasn't entirely ceased, and it has possible intensified over the past month. Luis Costa More Quotes by Luis Costa More Quotes From Luis Costa This is a moment of pause in the risk-taking trend...we could be fluctuating slightly wider for emerging spreads for the time being. Luis Costa company-news The CPI is bringing about a bit of selloff in the rates market. Luis Costa company-news It's a relief rally, again we are seeing rating agencies showing a big distortion in how they see credit risk. Luis Costa company-news Lira is not only suffering because of Erdogan's continuous criticism of monetary policy. (It) sells off because the current account gap still translates into a sizeable daily financing need, heavy reliance on short-term dollar borrowing makes this balance of payments very volatile. As usual, currency is the first channel to absorb the shocks. Luis Costa company-news
