Laura Emery, Author at T. Bailey

May 2023 Review

US debt ceiling negotiations became the focal point of financial news and dominated the thoughts of asset allocators worldwide during May. Whilst historical precedent indicated that these discussions would ultimately be resolved without major consequences, the evolving status of the negotiations created market distortions and added to the growing uncertainty. Investors anxiously followed the ebb […]

May 2023 Mid Monthly update

Between a Bank and a Hard Place The UK Bank Rate was raised by the Bank of England by 0.25% to 4.5% as expected in the face of recent inflation figures. Despite expectations, the UK economy grew by 0.1% in Q1 2023. Although this might not sound like much, it confounded the doomsayers – although […]

April 2023 Review

Dancing on the Ceiling Sadly, this article has nothing to do with Lionel Richie’s classic track of the above name. What we’re actually referring to is the game of who blinks first in the process of raising the debt ceiling in the US so the budget can be financed. This authorisation has to go through […]

Monthly Review – March 2023

Initial Volatility SVB, CS, CDS, Etc Before March, few people had heard of Silicon Valley Bank. By the end of the month, many investors were overwhelmed by news items referring to its acronym, SVB. By month-end, SVB had become part of First Citizen Bank, no doubt also known as FCB. HSBC stepped into buy the […]

March 2023 Mid-Monthly Update

SVB Takes Centre Stage A week ago, I was wondering what content I could deliver for this month’s mid-monthly update. I came up with the title, ‘Dancing On The (Debt) Ceiling’, as it appeared that most investors had overlooked the political brinkmanship that has enveloped raising the debt ceiling in the US. The emphasis on […]