GBP News 

World’s first global vaccine for Lyme disease developed as disease spreads across Britain

“The first vaccine that could stop people catching Lyme disease in the UK has been developed as the tick-borne illness spreads across Britain” writes Janet Daley for telegraph.co.uk. A drugs company is on course to develop the first global vaccine against the disease, which could be up to 96 per cent effective and would be available on the NHS for adults and children as young as two. Drug company Valneva has successfully completed the first human clinical trials of the vaccine, which concluded that it was safe and effective in…

Read More
News 

Ebola spreads to large city in Congo

“The Ebola virus has spread to a large city in the Democratic Republic of the Congo, a development the World Health Organization is calling “concerning” and a “game changer” that will make public health efforts more challenging” writes Ap Photo John for washingtonexaminer.com. Peter Salama, WHO’s deputy director, on Twitter called the spread a “game changer” in the outbreak.The virus has spread to Mbandaka, a city with more than 1.2 million residents. Source: washingtonexaminer.com Share This:

Read More
News 

Congo’s new Ebola outbreak spreads to a city

“Those exposed to the suspected Ebola cases will for the first time in Congo receive Ebola vaccinations, the health minister said” writes Carley Petesch for sun-sentinel.com. Congo’s latest Ebola outbreak has spread to a city of more than 1 million people, a worrying shift as the deadly virus risks traveling more easily in densely populated areas.It involves vaccinating contacts of cases and suspected cases, contacts of those contacts and health care and other front-line workers. Source: sun-sentinel.com Share This:

Read More
Markets News Regulators 

US/German bond yield spreads last hit these levels almost 30 years ago

“The spread between the 2-year yield on U.S. and German bonds has hit its widest level since March 1989” writes Andrew Harrer for cnbc.com. Robust data in the United States has pushed yields higher as investors bet that the Federal Reserve will stay the course to raise rates three times this year.Travis Spence, EMEA Head of Fixed Income Investment Specialists at JPMorgan Asset Management goes further, saying he expect’s the Fed to increase 4 times this year.After the Fed already approved a one-quarter point-hike in March, the market is now…

Read More
Markets News 

Why one barometer of market stress has ignored rising volatility, geopolitical tensions

“Some market participants blame loose monetary policy for undermining credit spreads as a useful barometer for the end of the economic cycle” writes Sunny Oh for marketwatch.com. They’re telling us that we’re heading into the late-cycle” said Jody Lurie, a corporate credit analyst for Janney Montgomery Scott.But the muted reaction in high-yield spreads could simply reflect confidence the economic expansion has further to run, keeping default rates low.She said increased access to the junk-bond market with the advent of high-yield bond exchange-traded funds may have skewed its reliability as a…

Read More
Futures Markets News Platforms 

Bringing futures into the hands of retail traders. Is Chicago within the reach of the retail set? – Op Ed

“The platform executes spreads of multiproduct, customized, relative value spread relationships at the limit price of the spread level, and does not leg the spreads” reports financefeeds.com. With new retail-focused initiatives from exchange technology companies and their associated platform providers, the evolution may well go beyond the ubiquitous platform of choice among retail customers.Its origins as a closed system with fixed spreads which was connected to an internal dealing room became completely obsolete very quickly.As retail traders began to become more sophisticated and gain a much fuller understanding of the…

Read More
Markets News Stocks 

It’s time to start paying attention to the stock market’s ‘biggest risk’

“Traders work on the floor of the NYSE in New York Thomson Reuters Tightening credit conditions could mean bad news for the stock market” writes Gina Heeb for businessinsider.com. A widening credit spread has historically not played out well.The credit spread, which is basically the difference between yields with the same maturities but varying quality, is widening.”The continuation of quantitative tightening in America, along with the projected Fed rate hikes, represents the biggest risk to still presumably Wall Street-correlated world stock markets,” Kestel added. Source: businessinsider.com Share This:

Read More
Markets News Stocks 

Why tighter credit condition may spell trouble for stocks

“The credit spread signaled the last recession, widening a full year before the recession hit in 2008” writes Anora M for marketwatch.com. That could change should credit conditions deteriorate,” he said.Should the spread widen further, it would signal tightening of credit conditions,” he said.For now, however, Ablin is sanguine about staying invested in equities. “Favorable credit conditions along with a favorable economic backdrop, reasonable equity market valuations and positive momentum are keeping us engaged in equity risk-taking. Source: marketwatch.com Share This:

Read More
Markets News 

Here’s why you shouldn’t blame Washington for recent market volatility

“Since the start of February equity volatility, as measured by the VIX Index, has averaged nearly 21” writes Russ Koesterich for businessinsider.com. As discussed in previous blogs, high yield spreads are one of the best coincident indicators of equity volatility.Since then, high yield spreads have widened by approximately 40 basis points (bps, or 0.40%), the largest jump since last August.All of the above suggests higher volatility, particularly when compared to last year.High yield spreads bottomed in late January, coincident to the peak in equity markets. Source: businessinsider.com Share This:

Read More
Brokers News 

Interactive Brokers’ mobile app adds Performance Details section for options, spreads

“The IBKR Mobile app now combines IB TWS for Mobile and the IB Key security protocol into one app that lets traders securely manage their accounts and trade” reports financefeeds.com. Electronic trading expert Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just released a fresh version of the IBKR mobile application for Android devices.In one of the latest versions of the app for Android devices, a new options tool called Spread Template was added.Earlier in March, Interactive Brokers introduced significant upgrades to its mobile application concerning security.Traders can analyze option and spread characteristics, including…

Read More