Fed’s Fischer Says Persistent Volatility Could Harm US – Reuters If recent market volatility persists it could signal a slowdown in the global economy that hurts U.S. growth and inflation, the Federal Reserve’s second-in-command said on Monday.
ECB’s Nowotny Hopes Markets Won’t Over-Anticipate in March – Reuters European Central Bank policymaker Ewald Nowotny on Monday said he hoped markets would not overly anticipate ECB actions in March after showing excessive expectations for policy action in December.
Fixed Income Evolution Leading to Bifurcated Markets – Profit & Loss The fixed income market is undergoing a series of significant changes, leading to increasingly bifurcated markets, according to speakers at Tabb Group’s The Big Fix conference last week.
Derivative Bets on Yuan Weakening Reach Record High – Reuters Hedge funds have ramped up bets on a sharp devaluation of China’s yuan since the Bank of Japan cut interest rates into negative territory, with the bias towards yuan falls in options markets hitting its highest on record.
Brexit Index: The “Out” Risk is Real – Reuters Britons are warming to the idea of Brexit. That message has been increasingly clear since the middle of last year, when polls started to indicate an increase in the number of UK citizens who would vote to leave the European Union in a referendum due by end-2017.
PBoC And Traders Play Cat-And-Mouse Game – Financial Times (subscription) If currency investors were in any doubt over how to characterise the renminbi’s rollercoaster drama last month — a scuffle perhaps, or a skirmish — then China’s ruling Communist Party made it clear: this is war.