UK pound and gilts to retain political risk premium despite British PM quitting

Little market reaction to PM Truss’s resignation The news of UK prime minister Liz Truss’ resignation hasn’t been greeted with much of a reaction in either gilts (government bonds) or sterling. The absence of a sell-off suggests a widespread assumption that the process of finding a new leader –...

https://www.hellenicshippingnews.com/uk-pound-and-gilts-to-retain-political-risk-premium-despite-british-pm-quitting/

As U.S. stocks rip higher, investors hunt for signs of market bottom

Some gauges of the stock market’s health are showing that the latest rally in U.S. equities may be the start of a sustained move higher, though many investors are hesitant to jump on board until there are signs inflation is cooling. Few can blame them for being skeptical. The current gain – which...

https://www.hellenicshippingnews.com/as-u-s-stocks-rip-higher-investors-hunt-for-signs-of-market-bottom/

Turbulent markets jolt currency hedge funds from decade-long slumber

Veteran hedge fund manager John Taylor describes one of his favourite Gary Larson cartoons, where one vulture sitting on an animal carcass says to another as more descend: “good friends flying in from all over…this is the best of times”. There is, he says jokingly, a resemblance to the hedge funds...

https://www.hellenicshippingnews.com/turbulent-markets-jolt-currency-hedge-funds-from-decade-long-slumber/

BofA sees net European government bond supply hitting record in 2023

Bank of America expects net government bond supply to rise close to 400 billion euros ($388 billion) next year, the highest on record, arguing that quantitative tightening measures by the European Central Bank will be challenging to implement. “In net-net terms (gross bond issuance net of...

https://www.hellenicshippingnews.com/bofa-sees-net-european-government-bond-supply-hitting-record-in-2023/

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