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July 31, 2007
Mutual Fund Flows Update Tables updated through June 30, 2007 with data released July 30, 2007. Comments on Stock Funds, Bond Funds and Hybrid Funds, and the public’s break-even level.
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July 30, 2007
What Turns Credit Around? The ABX indices are grotesquely overpriced when looking at what type of housing declines they imply. Any relief rally in the ABX indices could turn into a vertical rise and cause a big positive reaction in high-yield...
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July 18, 2007
Charts of the Week Topics Covered This Week Include: Understanding the Subprime Panic – 1 Understanding the Subprime Panic – 2 Understanding the Subprime Panic – 3 Credit Markets Deals Continue To Drive The Stock Market Looking At Chinese Stocks Chinese Holdings of U.S. Assets The S&P 500 Leads The Federal Budget Deficit Relative Asset… Continue reading
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July 17, 2007
U.S. Treasury’s International Capital Statistics Update Tables and comments detailing foreign investment through May 31, 2007 with data released on July 17, 2007. China has reduced its holdings of U.S. Treasuries two months in a row. This is...
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July 16, 2007
Special Report – The View From Shanghai: China Monitor This is the fourth in a weekly series of Special Reports about China, its markets and economy by Hugh Peyman, founder of Research-Works, the leading independent research firm in Shanghai....
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July 13, 2007
Commitments of Traders Update/Analysis Statistics cover the CoT report for July 10, 2007. Further charts and comments include Long Bond Futures: Large Speculators Sell During Consolidation Euro Futures: Buy The High And Watch It Fly Cotton Futures:...
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July 11, 2007
Charts of the Week Topics Covered This Week Include: The Worry About Subprime Continues Recent Spread Widening – How Significant? Recent Spread Widening – How Significant? – 2 M&A Boom Hits A New Record! Opposite of a Credit Crunch Financial Stock Underperformance Chinese Reserves – Updated Updating The Most Important Exchange Rate For US Tsys… Continue reading
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July 9, 2007
The View From Shanghai: Why Being Wrong Will Not Matter This is the third in a weekly series of Special Reports about China, its markets and economy by Hugh Peyman, founder of Research-Works, the leading independent research firm in Shanghai. In this...
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June 29, 2007
Credit Markets – Fear Trumps Greed Fear is dominating greed in the bond market. There is not an actual credit crunch taking place. M&A activity has not stopped. The fear is fixed-income investors will demand so many concessions to buy the...
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June 28, 2007
The View From Shanghai: So Where is the Chinese Market Going? This is the second in a weekly series of Special Reports about China, its markets and economy by Hugh Peyman, founder of Research-Works, the leading independent research firm in Shanghai....
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June 25, 2007
Fixed-Income Volatility Poised To Rise The disruptions in the subprime mortgage market have reinforced existing trends toward higher volatility.
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June 8, 2007
Is The Convexity Trade Back? Given the recent spike in yields, is the convexity trade creeping its way back into the marketplace?