copper

Vaccine-phoria

What’s interesting about vaccine-phoria is that it’s largely been contained to just the one part of the bond market. Nominal Treasury yields at the long end have surged, while those at the shorter end have moved up a bit, too. Predictably, the calls for the BOND ROUT!!!! have grown, typically referencing the guaranteed end of the so-called 40-year bond “bull.” [...]

What’s Zambia Got To Do With It (everything)

By Jeffrey P. Snider|2020-10-01T19:35:12-04:00September 30th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

As one of Africa’s largest copper producers, it seemed like a no-brainer. Financial firms across the Western world, pension funds from the US or banks in Europe, they lined up for a bit of additional yield. This was 2012, still global recovery on the horizon – at least that’s what “they” all kept saying. Zambia did what everyone does, the [...]

Vaccine-phoria

What’s Zambia Got To Do With It (everything)

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