USD Slides Broadly as Iran Tail Risk Fades
USD trading down on a a very broad basis, as the market continues to price lower tail risk around Iran, despite the day to day fluctuations in spot oil prices
Escorts May Favor National Flags Over Convenience Registries
One question for the shipping experts out there. Historically, a lot of the tankers globally have carried flags of convenience (Liberia etc) Given the escort debate, who will escort those? Or, will escorts only be provided to ships with traditional national flags (Japan,...
Fed Cuts Spark Long‑term Rate Divergence, Now at 5%
When the Fed cutting cycle started in 2024, 20Y rates quickly moved to 4%. And after 175bp of cuts, the 30Y rates is back up to 5%. The latest wiggle is obviously the Iran effect. But the divergence is arguably 2 years...
Yen Rebounds, Forint Climbs, Yuan Rallies Onward
JPY reversing weaker HUF gaining (on negative polls for Orban) CNH continues to rally consistently