It is the 20th of October 2019

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What Share Of Bond Markets Do Central Banks Own: Deutsche Bank Answers

With the latest ECB statement due out in just two days, traders are curious to see how Mario Draghi will escape from the trap in which the European central bank has found itself: on one hand, seeking to temper the recent dramatic rise in the Euro, on the other running out of QE eligible private-sector debt to monetize, especially in its largest captive market, Germany. While we don't know how Draghi will succeed (or fail) in this endeavor, overnight Deutsche Bank has released a useful analysis breaking down what share of bond markets the biggest central banks currently own.

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Japan Prepares For Mass Evacuation Of 60,000 Citizens From South Korea

It won't be the first time that a near-panicked Japan has came close to the edge when it comes to North Korea, and in preparation for an "emergency" was planning to evacuate its citizens located in South Korea. The last such notable spike in escalations took place in April, when as the Yomiuri Shimbun reported at the time, the Japanese government had asked the U.S. to provide advance consultation if it is about to launch military action against North Korea, and "ramped up preparations for emergency situations", including the potential evacuation of some 57,000 Japanese citizens currently in South Korea.

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What "Coordinated Recovery"? Global Negative Yielding Debt Hits One Year High Of $7.4 Trillion

Two weeks ago, we were surprised to find that despite the recent "growth promise" of what has been called a coordinated global recovery, the market value of bonds yielding less than 0% had quietly jumped by a quarter in just one month to the highest since October 2016.

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Mattis: North Korea Threats To US, Allies "Will Be Met With Massive Military Response"

With the rest of the world once again seeking a peaceful solution to the escalating North Korean crisis, and having scheduled yet another United Nations Security Council emergency meeting for 10am on Monday to achieve some diplomatic breakthrough...

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North Korea Fires Ballistic Missile Which Flies Over Japanese Airspace; VIX, Yen Spike

Update: Japan PM Abe, speaking to reporters in Tokyo after the launch, said North Korea appears to have fired a missile that flew over Japan. According to subsequent reports as many as three separate ballistic missiles may have been launched.

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Bizarro World: JGB Yields Slide After BOJ Tapers

Something strange happened on July 24: on that day the Bank of Japan announced it would reduce the size of its purchases of five-to-ten year JGBs from Y500 billion to Y470 billion. However, instead of yields and the yen spiking, as some had expected would happen, they slumped. And, just as unexpectedly, 10Y JGB yields continued to slump over the next month, despite another reduction in the amount of JGB in the 5-10 year bucket that the BOJ would purchase on August when it further reduced the amount to Y440 billion.

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