Recent Posts

Investors home in on US data as yields zoom

Bloomberg Economic data have returned to the forefront for investors in US Treasuries, and may be turning the market around. Ten-year Treasury yields staged their strongest single-day upswing since November 2016, driving the rate to the highest since 2011. The surge followed a record-high reading on activity in the US services sector and stronger-than-anticipated gains in a private employment survey. ...

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Trade war is making the grain glut worse

Across the US Midwest, farmers are taking in their annual harvests of corn, soybeans and sorghum. This year, they have a special problem: Where to put it all? Grain storage levels already have been extraordinarily tight. For the past two years, about 73 percent of capacity was used up in the December peak season, when the three crops are newly ...

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Leave passports out of the ECB race

Within the space of little more than a year, the European Central Bank (ECB) will see two profound changes at its top. At the end of 2018, Daniele Nouy will step down as head of the Supervisory Board, the body in charge of overseeing the euro zone’s largest banks. Then, in the autumn, it’ll be Mario Draghi’s turn to leave ...

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