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Remember the flash crash?
Well, it (as opposed to the overall Brexit-inspired fall in GBP) was very probably also a market structure thing.Continue reading: Sorry, but the FX market can simply be gappy too
Remember the flash crash?
Well, it (as opposed to the overall Brexit-inspired fall in GBP) was very probably also a market structure thing.
Continue reading: Sorry, but the FX market can simply be gappy tooCiti’s Matt King has some harsh words for central bankers ahead of this week’s gathering in Jackson Hole, Wyoming: he says they’ve broken the market.
King echoes a group of fund managers who say central banks’ stimulus efforts are distorting the way global markets function. The problem is this: with negative yields on $13 trillion of safe assets, investment managers are crowding into the shrinking group of investments with yield — or into securities they may be able to sell to central banks.
Continue reading: There’s no yield, and Citi isn’t going to take it anymore
Citi's Matt King has some harsh words for central bankers ahead of this week's gathering in Jackson Hole, Wyoming: he says they've broken the market.
King echoes a group of fund managers who say central banks' stimulus efforts are distorting the way global markets function. The problem is this: with negative yields on $13 trillion of safe assets, investment managers are crowding into the shrinking group of investments with yield -- or into securities they may be able to sell to central banks.
Continue reading: There’s no yield, and Citi isn’t going to take it anymore