Research: Are U.S. Treasuries Undervalued?

View in your browser Are U.S. Treasuries Undervalued? By Erik Norland, Senior Economist, CME Group Highlights:  Stocks-earnings disconnect could trigger volatility in equities Fed capping reinvestments could create Treasuries bear market Bearish Treasuries could lead to equities correction/flight to quality Treasuries are relatively cheap; high yield bonds could cost more  Read Full Article Forward to … Read More

Research: Uncertainty Over British Pound and Australian Dollar

View in your browser Uncertainty Over British Pound and Australian Dollar By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group UK Elections: Will Theresa May Coalition Hold Up? Video Highlights: Prime Minister Theresa May suffers setback in snap election May’s coalition government may not be strong, stable Brexit negotiations could be in … Read More

Economic Research: Fed to Shed Balance Sheet, Return to Basics

View in your browser Fed to Shrink Bloated Balance Sheet Gradually By Blu Putnam, Chief Economist, CME Group Highlights: Fed balance sheet bloated by years of quantitative easing QE failed to bolster economic growth, did not stoke inflation Huge balance sheet an intrusion on markets’ price discovery process Read Full Article Forward to Colleague  |  Trademarks & … Read More

Fed to Cut Balance Sheet, Impact Mortgage Rates

View in your browser Fed to Cut Balance Sheet, Impact Mortgage Rates By Blu Putnam, Chief Economist, CME Group Video Highlights: The Fed aims to shrink balance sheet by half to about 12% of GDP Bank will limit reinvestments, try to minimize market impact Long-term mortgage rates, however, could edge higher Forward to Colleague  |  Trademarks & … Read More

UK Election Risk? We’ve got an option for that

View in your browser Manage June 8 UK Election Risk With Options Expiring on June 9 As the election gets closer and the polls more interesting, is it time to take another look at your exposure? Our options on futures have you covered, with timely Friday expirations available to fine-tune risk management around the June … Read More