FlowBank

1059 days ago

Inflation expectations are building: 5Y5Y Swap > 2.5% = Highest since 2018

Bloomberg's Vince Cignarella noting that the five-year/five-year inflation swap is above 2.5% and rising: "that’s the highest since January 2018 and just 10 basis points below levels we saw in January 2017."

#Macro
Inflation expectations are building: 5Y5Y Swap Highest since 2018

1059 days ago

Google searches for "inflation" spike

Maybe the hyperinflation will be transitory - if so, it would be the first time in history - but the soaring prices have clearly sparked a panic amid the broader population as the following chart of google searches of "inflation" shows.

#Macro
Google searches for

1060 days ago

Emerging markets hit by rising inflation says Citigroup inflation gauge

Citigroup Inc.’s inflation-surprise index for emerging markets spiked last month to the highest since 2008, a sign investors may be underestimating the scale of the resurgence. Yet there’s a growing sense that the forces behind the recovery will eventually feed through to higher prices if left unchecked. One harbinger may be the rally in commodities, with a key index of raw materials this month jumping to a five-year high. 

#Macro

1061 days ago

ECB catches up somewhat with Bank of Japan in money printing. Total assets now equal 75% of Eurozone GDP vs BoJ's 130%.

Source: Bloomberg, HolgerZ

#Macro
BoJ vs ECB Balance sheets

1063 days ago

Did Joe Biden screw up the US jobs market ?

OK it's a little more complicated than that BUT there does seem to be evidence that jobs are available but people are opting not to take them - likely because of fear of exposure to the virus but perhaps in part because generous unemployment benefits make the risk/reward of working not worthwhile.

#Macro
Did Joe Biden just screw up the US jobs market ?
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