by Patrick Reid | April 21st, 2018, 10:04:07 | News
Schadenfreunde – experiencing pleasure in someone else’s pain. In Liar’s Poker the head of Solomon Bank, John Guetfreund challenges bond maverick John Merriwether to a 1 million USD hand in Poker. He backs off when the latter ups it to 10 million....
by Patrick Reid | April 11th, 2018, 12:50:26 | Economic Data, News
US CPI bang in line: nothing changes in my view – stand down and as you were. On my radar in North America session: Risk plays yesterday never far away with Trump rattling his sabre – markets not that bothered though suggesting they see through it. ...
by Patrick Reid | April 5th, 2018, 06:22:04 | Economic Data, News
Does anyone think wages will be an important component in NFP this Friday ? A tinsey winsey bit perhaps. Remember what happened last month. We had a good set up for buying USD with a headline expected at 200k and the actual coming in at a scorching 300k What happened...
by Patrick Reid | April 4th, 2018, 07:03:28 | News
US Bond Vigilantes: A little desk talk of these guys saddling up for a move on fiscal spending. In case you don’t know a bond vigilante is an investor selling bonds to spike yields, with the idea to freak out the fed and pause/cap spending. Coined in the...
by Patrick Reid | April 3rd, 2018, 09:23:37 | News
Fx traders: there has been a lot of desk talk about LIBOR spreads recently and quite frankly i don’t know what the fuss is about. (A little note, I know i’m guilty about banging on about it too) In the last two weeks i’ve read 6 stories on Zero...
