You are currently browsing the category archive for the ‘General Market’ category.

While not frontier related per se (hence the new post category–“General Market”), the following piece, put forth by Dino Kos, managing director of equity research at Portales Partners and a former executive vice president of the markets group at the Federal Reserve Bank of New York, in Monday’s Financial Times, makes a very convincing case as to why U.S. long dated treasuries could remain in tact for the near future–an almost contrarian notion at the moment despite the fact that the market is the world’s most liquid and that the security’s two biggest holders include two of the world’s largest economies (China and Japan).  Moreover, I’ll argue that as long as there is a correlation between emerging and frontier market capital flows and the overall risk sentiment, treasury yields are as good a proxy as any as to where investors anywhere in the world see the best risk adjusted returns.  Only until 30 year yields breach 5%, for instance, can we say that risk appetite is healthy again.

Advertisements

JGW

Blog Stats

  • 209,632 hits
December 2017
M T W T F S S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 66 other followers

RSS Links

  • An error has occurred; the feed is probably down. Try again later.

Categories

Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.