Greetings,
Rates: Treasury market implied volatility (MOVE) has diverged from realized Treasury vol.
Emerging Markets: Local currency bonds are facing pressure amid the global bond rout.
Here are a couple of examples.
The Eurozone: Germany is probably in recession.
China: Clients are directing China’s domestic banks to sell foreign currency after massive foreign inflows into Chinese stocks, spurred by recent stimulus measures.
Equities: Equity funds continue to see inflows.
Food for Thought: Property losses from Helene and Milton:
Edited by William Villacis
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