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[28 Jun 2017 | Inga kommentarer | ]
Treasury yields suggest the US economy is approaching a peak

Treasury yields suggest the US economy is approaching a peak
ETF Securities Fixed Income Research – Treasury yields suggest the US economy is approaching a peak
Highlights

Current low term premium for US Treasury bonds suggests US economic growth is near peak.
The inflation risk premium is the primary driver of government bond yields, but creditworthiness could become the new directional catalyst in the future.
Duration risk is best rewarded at short maturities than on long-term bonds.

The yield curve and term premium estimates are useful for the forecasting of future returns from bonds. In addition, …

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[28 Jun 2017 | Inga kommentarer | ]
Treasury yields suggest the US economy is approaching a peak

Treasury yields suggest the US economy is approaching a peak
ETF Securities Fixed Income Research – Treasury yields suggest the US economy is approaching a peak
Highlights

Current low term premium for US Treasury bonds suggests US economic growth is near peak.
The inflation risk premium is the primary driver of government bond yields, but creditworthiness could become the new directional catalyst in the future.
Duration risk is best rewarded at short maturities than on long-term bonds.

The yield curve and term premium estimates are useful for the forecasting of future returns from bonds. In addition, …

Börsen, Featured, Headline »

[27 Jun 2017 | Inga kommentarer | ]
Gold Reacts to Dwindling Reflation Trade

Gold Reacts to Dwindling Reflation Trade
Market Review – Gold Reacts to Dwindling Reflation Trade

Weak U.S. Dollar, Economic and Political Stability Support Gold Price Recovery
The gold price changed very little in May, recovering towards the end of the month after early weakness brought on by the French presidential election and the FOMC (Federal Open Market Committee) meeting. From the first round of the French elections on April 23 to the final round on May 7, markets became increasingly convinced that the pro-EU candidate Emmanuel Macron would win the election. This pressured …

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[27 Jun 2017 | Inga kommentarer | ]
Erosion of Qatar’s dominance in LNG could drive demand responsiveness

Erosion of Qatar’s dominance in LNG could drive demand responsiveness
The recent Saudi Arabia-led confrontation with Qatar could drive an increase in the use of flexible liquefied natural gas contracts and thus allow demand to be more responsive to price. Erosion of Qatar’s dominance in LNG could drive demand responsiveness.
As we noted in “US natural gas – international demand unlikely to absorb domestic glut”, the liquefied natural gas (LNG) market is in the midst of change. Qatar is the world’s largest producer of LNG with most LNG transacting in long-term contracts …

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[27 Jun 2017 | Inga kommentarer | ]
Investors buying on weakness in oil & gold miners

Investors buying on weakness in oil & gold miners
ETF Securities Weekly Flows Analysis – Investors buying on weakness in oil & gold miners

The recent gold price weakness saw investors buy gold miners, with two week inflows of US$68mn.
Recent oil price weakness has prompted monthly inflows of US$165mn, representing 9% of AuM.
Cocoa inflows last week totalled US$9mn while inflows in coffee totalled US$7mn with recent weakness has been seen as a buying opportunity.

Download the complete report (.pdf)
Equity ETFs saw the highest inflows this week with US$42mn. The recent weakness in the …

Börsen, ETF:er, Featured, Headline »

[26 Jun 2017 | Inga kommentarer | ]
MSCI’s inclusion of China A-shares in the MSCI Emerging Markets index

MSCI’s inclusion of China A-shares in the MSCI Emerging Markets index
Comment from Sean Taylor, CIO APAC at Deutsche Asset Management- MSCI’s inclusion of China A-shares in the MSCI Emerging Markets index
“In the short-term, MSCI Inclusion will initially have small effect on the amount of foreign money flowing into the Chinese market. Firstly, domestic shares will only comprise 0.73% of MSCI’s global emerging market index, with an estimated USD14bn capital flow from active and passive. Secondly, the inclusion will only begin in May 2018 and August 2018. In the near-term, A-shares …