Daily Morning Call

From the Floor: How high can global yields climb? — #SaxoStrats

405 views
Bond prices are wrapping up 2016 on much weaker footing than they started the year, but Saxo Bank fixed income head Simon Fasdal says that sustained global growth is needed if the yield rally is to go much further.

   • Chinese return of US drones eases tensions, boosting risk sentiment
   • Australia retains AAA- rating from S&P despite worsening bottom line
   • ECB's Weidmann out at 1600 CET, Fed chair Yellen to speak at 1830 CET
   • Commodity dollars fading against greenback, yen: Hardy
   • Bond market volumes expected to thin out before end of week
   • 'We could see another leg of yen weakness into year-end': Hardy
   • Strong correlation has developed between gold and JPY: Hansen
   • COT report shows funds adding to long WTI, Brent crude positions