Chinese Yuan (USD/CNY) and Tariffs

Chinese Yuan (USD/CNY) and Tariffs Trade-sensitive Chinese yuan could move lower with tariffs headlines. Picture source: Wells Fargo Investment Institute

China: Chinese Firms Reliance on USD-denominated Debt

China: Chinese Firms Reliance on USD-denominated Debt Chinese firms reliance on USD-denominated debt is lower than other emerging markets. But a weakened yuan would hurt Chinese firms. Picture source: Institute of International Finance

EUR/USD and 10-Year Rates Differential

EUR/USD and 10-Year Rates Differential The chart shows the Euro vs. US Dollar (EUR/USD) and how a 10-year rates differential corresponds to a stronger or weaker US dollar. Picture source: Oxford Economics, Macrobond

Share of Market Value in Bloomberg Barclays USD IG

Share of Market Value in Bloomberg Barclays USD IG Since 1990, the amount of BBB-rated bonds has doubled. This is only one step away from junk bonds.  Keep in mind that many investment grade investors own BBB-rated bonds, but they are not allowed to hold junk-rated bonds. So, any drop in the credit ratings could…