Analysis On Fixed Income, Fx & Equity Markets

BMI View: The replacement of the Republic of Bashkortostan's veteran president, Murtaza Rakhimov, should allow the Kremlin to exert greater control over the oil-rich republic. With... 2010-07-20

The lower-than-expected take up of ECB three-month loans by banks on June 30 signals that fewer banks are now dependent on short-term financing from the lender of last resort in the... 2010-07-01

The erosion of economic competitiveness in several (mostly Southern) eurozone economies since the inception of the euro means that a prolonged deflationary cycle will be necessary to... 2010-06-23

For some time now we have been growing increasingly concerned that rising interbank lending rates in the eurozone could have a severely negative impact on the European banking sector.... 2010-06-10

The long simmering Greek sovereign crisis has exploded, with 2-year treasury yields spiralling from 10.1% to 23.8% in the four trading days to April 28. The bond market has clearly... 2010-04-28

With a domestic demand-led recovery gaining pace and the Central Bank of the Republic of Turkey (CBRT) forecast to hike its policy rate by 200bps this year, the fundamental conditions... 2010-04-27

The correlation between the euro and risk perception has broken down, with the currency plunging even as risk appetite gains further momentum. Our bearish outlook on the euro has... 2010-03-24

Since the beginning of March, our European market views have played out well. Long-end treasury yields have fallen in line with declining interest rate expectations, yield curves... 2010-03-17

A major re-pricing of risk is underway in Central and Eastern Europe, reflected in breaks of key resistance levels across most benchmark credit default swaps (CDS). Part of the broad-based... 2010-03-16

A major re-pricing is underway in Central and Eastern European (CEE) fixed income and currency markets, underpinned by shifting interest rate expectations and stronger relative macroeconomic... 2010-03-15