1^st December 2009

Bond Futures

Overview

In the light of the negative news out of Dubai and continuing sentiment the Bund has rallied significantly over the last five days. On Friday when the panic surrounding Dubai peaked, the bund hit highs of 124.06, a price not seen since April 2^nd. The US Ten Year mimicked the action of the Bund; highs of 121.215 represented a price not seen since mid May. (more...)

30^th November 2009

Equity Index

Overview

Last week should have been relatively quiet due to the US Thanksgiving holiday but thanks to the concerns surrounding Dubai this proved not to be the case. After significant losses were seen in Europe on Thursday as the news broke, the return of US players on Friday restored order and US and European markets stabilised. (more...)

27^th November 2009

Macro- Overview

Focus on Dubai

The last two days has seen news that Dubai World (the investment company owned by the state of Dubai) asked its creditors for a freeze on the repayment of debt. This effectively has raised concerns of a potential state default. Global risk trades have taken a battering with equities, commodities and high yielding carry trades have taken significant hits.

  (more...)