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U.S. 10yr Yields Fiscal Worries
December 31, 2024 8:15 AM UTC
• As 2025 progresses the budget bill is likely to cement prospects of an 8-9% budget deficit in the U.S. for years to come. This will likely hurt Treasuries most just before the budget deficit expands quarterly Treasury issuance in Q4 2025/Q1 2026. Worse we have a non-consensus call of
President Trump: Filling in the Blanks
January 21, 2025 9:12 AM UTC
While the new executive orders from president Trump were focused on immigration and energy issues, the threat of 25% tariffs against Mexico and Canada by Feb 1 raises the stakes in North America negotiations in the coming weeks. China tariff threats will likely become more concreate in Q1, though
Rupee at Record Low: Can India Weather the Dollar Storm?
January 21, 2025 5:03 AM UTC
The Indian rupee has slumped to an all-time low of 86 against the US dollar, underscoring the pressure on emerging market currencies as the dollar index surges to multi-month highs. For India, this currency depreciation signals potential disruptions in financial markets, with equities and bonds—no
Preview: Due January 21 - Canada December CPI - To fall on GST tax holiday
January 20, 2025 1:35 PM UTC
We expect Canadian CPI to slip to 1.7% yr/yr from 1.9%, the fall largely due to a temporary supse4cuion of the Goods and Services Tax that will run from Mid-December through Mid-February. Bank of Canada Governor Tiff Macklem has stated that the tax suspension is expected to move inflation down to a