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 too

Remember the flash crash?

Screen Shot 2016-10-09 at 10.35.18

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

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

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