We have had a bit of volatility because of the Fed but the uncertainty is still out there and I'm afraid it is not going to go away as the discussion will just switch to how high rates will go and the pace of that rise.

Viktor Szabo

Categorized in : Company News

This lower-for-longer theme...has been completely reinforced. A Fed hike is priced out, a Bank of England cut is priced and that is extremely bullish for the rates market.

Trading will restart so there might be some potential for further... by Viktor Szabo

Trading will restart so there might be some potential for further tightening.

The IMF program has been off-track for quite a while and I don't think they are going for another one. They have serious disagreements on the fiscals, the government is still looking at avoiding the EDP (Excessive Deficit Procedure) of the European Union, but I don't think they are willing to follow the IMF program. It's bad, but at this time they are strong enough to go without an IMF program.

There was some excitement in emerging Europe following the move in (German) Bunds but now we are seeing a retracement and everything is behaving a little bit better.