financial markets

financial markets latest publications

August 26, 2021

Mexico | ¿What to expect from the Federal Reserve and the markets?

This week will be of great interest to the global financial markets. As of today begins the annual meeting of Jackson Hole -organized by the Federal Reserve of Kansas City- that brings together financial and monetary authorities of the world

January 11, 2021

Global | 2020: the markets and their own COVID-19 vaccine

The financial markets are closing the highly unique year of 2020 having gone through various phases during it, moving at the pace set by the global pandemic. How have they evolved and what can we expect for 2021?

May 14, 2020

Argentina | Network Topology of the Argentine Interbank Money Market

This paper provides an empirical network analysis of the Argentine interbank money market (known as call market). Based on 314,188 unsecured overnight loans settled between 2003 and 2017, its main topological features are examined, applying graph theory methods.

March 6, 2020

Market comment | Fed intervention failed to calm markets, as core bond yields fell further

Global policy response failed to reassure investors, unnerved by the alarmingly rapid outbreak of Covid-19 beyond China and its impact on global growth and financial stability. Volatility soared and the USD and EMs FX depreciated.

March 5, 2020

Market comment | Uncertainty pushes rates to unknown limits

Financial markets remain volatile with the concerns about the virus spillover effect being the main market driver. Declines in the equity markets have resumed, as market risk measures (VIX) soar and U.S. yield reaches new lows.

March 4, 2020

Market comment | Equity stabilized but bonds remain well demanded

Equity markets recovered after yesterday’s Fed insurance cut failed to reassure financial markets. Markets stabilized, amid the advance of Biden in the U.S. Democratic primary. Despite the rebound in equity markets, sovereign bonds remain well demanded, suggesting investors’ risk appetite is still low.

March 3, 2020

Market comment | Fed made inter-meeting 50bps interest cut

The Fed cut 50bps interest rate and the ECB pivoted suggesting it is ready to take appropriate measures, while the G7 pledged a coordinated action. However, risky assets failed to gain much traction, while market risk measures such VIX remained high.

March 2, 2020

Market comment | Central banks mull over potential stimulus

Concerns about the Covid-19 spillover effect continued to weigh on financial markets although global central banks mull over stimulus. In this context, equity markets showed marginal rebound, although implied volatility in the S&P500 remained elevated.