The Day Today

"The Day Today" - 28 Jan 2014

All eyes on the Turkish central bank tonight with their mysterious midnight emergency meeting. Expectations are of a punchy rate hike, of 250-400bps, to restore some order to the sell-off in the lira….

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"The Day Today" - 24 Jan 2014

Risk aversion rises as EM takes a hit – only this time everyone was short US Tsys now that the Fed is on its way towards the exit of extraordinary stimulus….

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"The Day Today" - 23 Jan 2014

* UK MPC members rush out to tell us the party line from yesterday’s Minutes, that even once the unemployment threshold is breached, there will be “no immediate need” to raise rates
–…

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"The Day Today" - 21 Jan 2014

* A reminder that the Fed have started to roll back on their extraordinary stimulus, even if the jobs data did look a little off skew to many… Fed May Cut Bond Buying to $65b,

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