CDV – Money Lowdown

LONDON, Nov 22 (Reuters) - If you were looking for a klaxon to mark the end of the interest rate cycle, a crushing of currency market volatility rings loudly.Deutsche Bank's CVIX (.DBCVIX) - the currency market's version of Wall St's "fear index" of stock volatility and a weighted average of implied "vol" in nine major pairings - has basically imploded.Subdued since mid-year, the CVIX took another sharp leg lower this month and hit its lowest since mid-February 2022 - just before Russia's invasion of Ukraine and the first of the...

Stock Market

Morning Bid: Treasury yields dive as oil craters, economy softens

November 17, 2023

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market...

Finance

Morning Bid: Murky US inflation picture

November 14, 2023

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market...

Banking

Central banks need a word with budget masters

November 10, 2023

LONDON, Nov 10 (Reuters) - If a re-emerging risk premium in bonds is down to government debt sustainability worries, central banks may need to lobby their Treasuries that it's undermining their control of credit.U.S. Federal Reserve officials are puzzling over why bond borrowing rates spiked lately even as Fed policy expectations have remained largely unchanged. Whether a resurfacing "term premium'" now demanded to buy and hold longer-term bonds, is responsible is central to the conundrum.If a sustained or even more volatile risk premium tightens or loosens credit beyond what's intended...