Chinese property prices rose for a second straight month in March, up 0.44% m/m in the primary market, and 0.26% m/m in the secondary market. This is not a reason…
Read More
The ISM manufacturing new orders index dropped to 44.3 in March. The Treasury market is telling the Fed to cut rates this year, to prevent a further deterioration in credit…
The plunge in Deutsche Bank shares on Friday, and spike in CDS, came with no apparent catalyst, other than vague concerns around ‘contagion’ from Credit Suisse and US regional banks….
The fallout from the recent bank failures will be contained. But this does not mean that the bear market in technology stocks is over, even if equities stage a short-term…
Dodd-Frank regulations introduced post-2007/08 were designed to protect the US financial system from a repeat of the financial crisis. The capital buffers of the ‘fortress’ banks – the GSIBs –…
Larger banks have much stronger capital positions vis-à-vis the global financial crisis. SVB was particularly exposed to the slump in technology/VC and did not hedge Treasury risk exposure. Signature Bank…
