The biggest week of Q4 and anticipation of choppy trading  conditions has already beentranslated in a substantial mark-up in volatility, but the worsening in US confidence data is a new trading ...

Better than expected and a broadly (government sponsored) based rebound in US Q3 GDP data were greeted with a relief rally in risk assets, but we are reserving judgement on the sustainability of the ...

What strikes us is that the withdrawal of risk appetite was originally triggered by a technicallyoverbought picture in equities and FX, but selling pressure   over the last 48 hours or so ...

Risk appetite in major asset markets has been unwound for the last three trading sessions,  and, with selling compounded by the biggest monthly drop iUS household confidence since Dec-08, we ...

Asian equities are shadowing US indices broadly lower overnight as concerns over theexpiry of US first-time homebuyer tax credits is causing profit taking. The reaction incurrencies and government ...

The negative backdrop for global rates remains in place as trading gets underway this morning and US 10y yields have broken through 3.50%. Further upside probably lies ahead as markets prepare to ...

GBP has been the star performer this week as short covering and speculation of a pause in QE by the BoE have helped sterling to catch up with other pro-riskcurrencies. The rally in GBP spot has been ...

The first q/q rise since Q1 ‘08 in UK GDP this morning is widely anticipated but we are careful not to rush to conclusions for what it may imply for QE or for  rates per se. ...

risk appetite (equity buying) sparking a breakout in GBP andbond yields/swaps, partly led by the idea that the BoE could pause QE next month. The notionthat a pause in asset  purchases would ...

Overnight- Governor King’s speech was largely dedicated to financial system reform; said output to remain well below and unemployment above levels of a year ago for some time, inflation to stay ...