Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.Alaska Airlines shares rose 18%, the biggest increase since November 2020.Kaitou Macro: Trump's influence on oil and gas may come from foreign policy. Kaitou macro economists said that President-elect Trump may influence the global oil and gas supply through foreign policy rather than domestic production or trade tariffs. "We doubt whether tariffs affecting the oil industry will be effective, and the impact will be limited in the short term," economists said. "At the same time, the decision to increase production will ultimately depend on private producers who have been strictly observing capital discipline since the outbreak." In terms of climate policy, Kaitou Macro said that the biggest threat will be to cancel the tax credit for electric vehicle buyers, which will put the promotion of this car in the United States at risk of further slowdown.
Market News: new york will close the immigration shelter at Floyd Bennett Airport.The Kremlin says Putin met with the Indian Defense Minister.US Secretary of State Blinken: The Syrian people will decide the future of Syria.
The New Zealand dollar fell 1% against the US dollar to 0.5804.US Secretary of State Blinken: The Syrian transition process should achieve credible, inclusive and non-sectarian governance.White House: Continue to pay close attention to the development of the situation in Syria.
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
Strategy guide 12-13
Strategy guide
12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13