UK Markets Chart Pack Bond yields plunge (Dec 08) Over the past month, global short-dated bond yields have plunged as the markets have come round to our view that official interest rates in the UK and elsewhere will drop to record lows. What’s more... 10th December 2008 · 1 min read
UK Markets Chart Pack MPC takes a bold step (Nov 08) The historic 150 basis point cut in interest rates in November shows that the MPC is facing up to the seriousness of the situation. And it is encouraging that three month LIBOR has fallen sharply in... 13th November 2008 · 1 min read
UK Markets Chart Pack Muted response to bank recapitalisation (Oct 08) The historic measures announced by the UK government and policymakers around the world appear to have avoided a full-scale financial meltdown. But the response of the markets has been fairly muted... 16th October 2008 · 1 min read
UK Markets Chart Pack Market rates fail to respond to US GSE bailout (Sep 08) We doubt that the US bailout of the Government Sponsored Enterprises Fannie Mae and Freddie Mac marks the end of the financial crisis. Indeed, the rebound in global equities has been short-lived and... 11th September 2008 · 1 min read
UK Markets Chart Pack Markets still distorted one year on from the credit crunch (Aug 08) One year on from the start of the credit crunch, distortions in the money markets remain and most securitisation markets are still closed. But the sharp fall in the oil price over the last month... 14th August 2008 · 1 min read
UK Markets Chart Pack Markets wake up to the economic gloom (Jul 08) The recent problems of the US government sponsored enterprises, Fannie Mae and Freddie Mac, have contributed to an apparent shift in the markets’ attention away from the upward pressure on inflation... 17th July 2008 · 1 min read
UK Markets Chart Pack Attention shifts from activity to inflation (Jun 08) The markets have recently shifted their attention away from the downside risks to activity to the upside risks to inflation. The bond market’s inflation expectations have risen to levels not seen... 9th June 2008 · 1 min read
UK Markets Chart Pack Bond markets spooked by inflation (May 08) The last month has seen the UK’s bond market become much more concerned about the outlook for inflation. In particular, 20 year break-even inflation rates have climbed to levels not seen since the... 19th May 2008 · 1 min read
UK Markets Chart Pack Bank to do more to unblock the money markets (Apr 08) The last month has seen a marked deterioration in conditions in global money markets. Interbank interest rates in the UK have hardly responded at all to April’s 25bps cut in official interest rates... 17th April 2008 · 1 min read
UK Markets Chart Pack Bond market is priced for recession (Mar-08) While much has been made of the recent rise in the markets’ inflation expectations, less attention has fallen on just how pessimistic the markets have become on the outlook for activity. Indeed, the... 10th March 2008 · 1 min read
UK Markets Chart Pack The slower rates are cut, the further they will fall (Feb-08) The markets are increasingly coming round to our view that the slower the MPC cuts interest rates, the further interest rates might eventually have to fall. While the markets’ expectations for where... 11th February 2008 · 1 min read
UK Markets Chart Pack Money markets move back towards normal (Jan 08) The recent injections of liquidity by central banks appear to have played a major role in pushing interbank interest rates back towards more normal levels. Three month LIBOR in the UK is now just 10... 17th January 2008 · 1 min read
UK Markets Chart Pack Central banks losing control over monetary conditions (Dec 07) 13th December 2007 · 1 min read
