Alan James

Pound Falls Below $1.60 on Bets BOE May Signal Further Stimulus

The pound dropped below $1.60 for the first time in five weeks on speculation Bank of England officials meeting this week will signal they may introduce additional stimulus as the economy struggles to recover.

Investment Club Manager Pleads Guilty to $40 Million Fraud

A Michigan man who ran an “investment club” pleaded guilty in federal court in Virginia to defrauding more than 750 members out of almost $40 million.

Gilt Investors May Face a Premium for CPI Inflation Hedge, Barclays Says

U.K. investors may be charged a premium to hedge exposure to the consumer price index, or CPI, ahead of possible changes to the measure of inflation used for some pensions, Barclays Plc said.

Pimco Says U.K. Inflation Index Review Risks Bond Revolt

Pacific Investment Management Co.’s Michael Amey says Britain’s review of its retail-price index calculations is threatening the gilt market’s reputation as a haven for investors.

‘Little Reason to Party’ Over New Greek Bailout Plan: Analysts’ Comments

Analysts comment on 159 billion euros ($229 billion) of new aid for Greece announced by euro- area leaders late yesterday. Officials also empowered their 440- billion euro rescue fund to buy debt across stressed euro nations, aid troubled banks and offer credit-lines to repel speculators. The comments were collected from reports published by banks today.

Barclays Says U.K. Inflation Review May Not Affect Linker Market

A U.K. review into how inflation measures are calculated may “come to nothing” and doesn’t justify changing investments in inflation-linked bonds, Barclays Capital said.

Inflation Bonds Show No Trichet Accord Amid Double-Dip Threat: Euro Credit

Bonds that signal investor inflation expectations show that traders disagree with European Central Bank President Jean-Claude Trichet ’s declaration that another recession isn’t “in the cards.”

Italy Index-Linked Bonds May Drop Before Treasury Auction, Barclays Says

Italian 10-year inflation-linked bonds, yielding close to the most on record, may weaken further before a sale of the securities today, Barclays Plc said.

German Bunds Rise, Greek, Spanish Bonds Fall on Signs Recovery is Slowing

The extra yield investors demand to hold the bonds of so-called peripheral European nations instead of German bonds increased as signs the economic recovery may be slowing added to the appeal of the safest fixed-income assets.

Barclays Says U.K. Breakeven Rates, at 5-Month High, May Widen on CPI Data

U.K. breakeven rates, which provide a gauge of inflation expectations, may rise should a report today show consumer price increases outpaced analysts’ estimates, according to Barclays Plc.

"Likely changes to the measurement of U.K. RPI inflation would be significantly negative for holders of gilt linkers."

- Alan James on Jan 09, 2013

North Korea Test-Fires 3 Missiles as U.S. Sees Further Isolation

Commuter Train Wreck Injures Dozens, Curbs Amtrak Service

Republicans Unsatisfied by IRS Answers Press for More

Tesla’s Musk Channels Iacocca With Early U.S. Repayment

U.S. Stocks Advance on Leading Indicators, Sentiment Data