2019 is a year when Belgium is a strongest market by the end of February, What is it a power of EU center?

Source: ML

Source: ML

This will help Fed to dispose of treasuries on Fed’s balance sheet without big losses

Source: ML

borrowing in US dollars and Euro or shorting developed markets debt, especially negative yielding European debt … given that the expectations for US equity markets are limited

Source: ML

With dues to rapid OPEC+ reaction to deteriorating prices… OPEC and its partners led by Russia agreed to cut 1.2 million bpd from global supply to push prices higher. Our dovish oil price forecast is likely to be revised

Source: ML

Kazakhstan pledged to cut Kashagan production by 200K b/d in April and May from 350,000 b/d, so it will be a significant cut

Source: ML

Oil price is supported by rapid reaction of OPEC+ countries and in the absence of cuts price would be much lower And probably more OPEC+ cuts would be needed for oil price to hold on to current levels Stocks are toppish, especially in the US Investors are chasing bonds, scrapping dividend yields of toppish stocks, buying any yield, going for the longer end of the curve, chasing emerging markets eurobonds and even emerging markets local bonds while not afraid of FX risk

Source: ML

Dollar has stopped appreciating, making carry trades in local emerging markets bonds profitable

Source: ML

Oil price is supported by rapid reaction of OPEC+ countries and in the absence of cuts price would be much lower And probably more OPEC+ cuts would be needed for oil price to hold on to current levels Stocks are toppish, especially in the US Investors are chasing bonds, scrapping dividend yields of toppish stocks, buying any yield, going for the longer end of the curve, chasing emerging markets eurobonds and even emerging markets local bonds while not afraid of FX risk

Source: ML