Weekly Commentary: New Cycle Realities
Years of unprecedented monetary inflation created false realities. UK’s Barclays Bank CDS jumped 11 to 147 bps, the high back to July 2013.
Stay updated with breaking news from War Watch. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Years of unprecedented monetary inflation created false realities. UK’s Barclays Bank CDS jumped 11 to 147 bps, the high back to July 2013.
As the BOE began to raise rates and market yields surged higher, trouble quickly materialized. Read more here.
Chinese big four bank CDS each surged about 10 bps, the largest single-session gains since the July 15th peak risk off.
Hotter-than-expected August CPI and quarterly options/derivatives expiration made for a toxic mix. “Core” CPI was reported up 0.6% for the month (7% annualized!), double estimates.
Household Net Worth dropped $6.1 TN during Q2, the largest decline since Q1 2020. Read more here.