@notayesmansecon.bsky.social
Hi Shaun, this may be asking too much but do we have any idea what kind of losses the ECB is sitting on with regard to its various QE programmes? #Podcast soundcloud.com/shaun-richar...
Notayesmanspodcast392
This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on:- Hi Shaun, this may be asking too much but
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Bank of England Governor Andrew Bailey is losing control We can close the week by returning to my home country and in particular its central bank as the Bank of England is in the middle of quite a storm. On Wednesday I looked at the mess it has made of its balance sheet via its large purchases of…
Bank of England Governor Andrew Bailey is losing control
We can close the week by returning to my home country and in particular its central bank as the Bank of England is in the middle of quite a storm. On Wednesday I looked at the mess it has made of its balance sheet via its large purchases of UK government bonds which it switched from fixed-coupon to variable-rate just in time for interest-rates to rise.
notayesmanseconomics.wordpress.com
If you have a question for my weekly economics and financial markets podcast then please let me know.
The problem with foreign exchange intervention is what happens next? The Japanese Yen is slip-sliding away again at 156.26.
@notayesmansecon.bsky.social · yesterdayJapan faces pressure on interest-rates, Japanese Government Bonds and the Yen So far this week I have looked at the bond market crisis affecting my home country this week. But there is another headline act at the moment and it is the land of the rising sun or Nihon. You do not have to take my word…
Another welcome improvement for the UK ten-year yield as it declines to 5.16%.
@notayesmansecon.bsky.social · yesterdayThe UK ten-year yield has improved this morning to 5.21% so a tactical improvement but remains a strategic problem.
UK Wind Power has fallen to 15.5GW this morning. With 1.5GW of Solar we are burning 5GW of Gas as well as importing 1.6GW. Hydro is 0.2GW. Nuclear is 4.9GW and the awful Biomass 3.3GW. The price of wholesale electricity over the past 24 hours was £120 per MWh. #renewabes
Japan faces pressure on interest-rates, Japanese Government Bonds and the Yen So far this week I have looked at the bond market crisis affecting my home country this week. But there is another headline act at the moment and it is the land of the rising sun or Nihon. You do not have to take my word…
Japan faces pressure on interest-rates, Japanese Government Bonds and the Yen
So far this week I have looked at the bond market crisis affecting my home country this week. But there is another headline act at the moment and it is the land of the rising sun or Nihon. You do not have to take my word for it as here is US Treasury Secretary Scott Bessent. New York, Sept. 1 (Jiji Press)--U.S.
notayesmanseconomics.wordpress.com
It looks as though the Bank of Japan has intervened again to support the Japanese Yen driving it to 156.50 at one point. It's 157 now...
@notayesmansecon.bsky.social · 2d agoSo the next stage in the game looks like it was the Bank of Japan intervening again to support the Japanese Yen. It is more than a big figure stronger at 158.80.
The UK ten-year yield has improved this morning to 5.21% so a tactical improvement but remains a strategic problem.
UK Wind Power has rallied to 16.3GW this morning. With 2.1GW of Solar we are burning 3.9GW of Gas as well as importing 2GW. Hydro is 0.2GW. Nuclear is 5GW and the awful Biomass 3.2GW. The price of wholesale electricity over the past 24 hours was £156 per MWh. #renewables
So the next stage in the game looks like it was the Bank of Japan intervening again to support the Japanese Yen. It is more than a big figure stronger at 158.80.
How much more of a failure could the Bank of England be? Yesterday and indeed so far this morning have been bad days for the western political class and in particular the UK one. But there is another part of the establishment which has performed at least as badly and maybe worse and it is the…
How much more of a failure could the Bank of England be?
Yesterday and indeed so far this morning have been bad days for the western political class and in particular the UK one. But there is another part of the establishment which has performed at least as badly and maybe worse and it is the central bankers. No doubt they will be trying to retreat into the shadows at a time like this, but I intend to shine a light on what they have done.
notayesmanseconomics.wordpress.com
The Reserve Bank of New Zealand raised its interest-rate to 2.75% earlier. It was another success for my leading indicator as the All Blacks lost at the weekend. www.rbnz.govt.nz/monetary-pol...
Monetary Policy Statement September 2026
We explain the reasons behind our OCR decision and provide an overview of what is happening in the economy.
rbnz.govt.nz
UK Wind Power has fallen to 5.5GW this morning. With 1.6GW of Solar we are burning 9.4GW of Gas as well as importing 5.6GW. Hydro is 0.2GW. Nuclear is 5GW and the awful Biomass 3.3GW. The price of wholesale electricity over the past 24 hours was £134 per MWh. #renewables
Some of the issues around bond markets have been building for years. For Japan it was something just under 3 years ago when the Bank of Japan set policy for its balance sheet rather than inflation. It has now created what it most feared.... notayesmanseconomics.wordpress.com/2023/10/02/f...
Fears over the Bank of Japan balance sheet size are driving economic policy
A simple perusing of the markets this morning will arrive at the Japanese Yen. At an exchange rate of 149.70 to the US Dollar we are near to a potential nexus point as we get rather near to the lev…
notayesmanseconomics.wordpress.com
The UK is on the edge of a bond market crisis The business week in the UK has opened with rather a problem. It flows directly from my post on Friday about the rise in bond yields and looks worse because of the impact of the Bank Holiday. Let me start with the numbers via the economics editor of…
The UK is on the edge of a bond market crisis
The business week in the UK has opened with rather a problem. It flows directly from my post on Friday about the rise in bond yields and looks worse because of the impact of the Bank Holiday. Let me start with the numbers via the economics editor of the BBC Faisal Islam. UK gilts chunky rise this morning to new multi decade high yields, catching up with what has happened globally (markets closed in UK) since the comments in Jackson Hole on Friday esp from Fed Chair Kevin Warsh..
notayesmanseconomics.wordpress.com
For those worried about the UK government bond market I provided an international context on Friday. notayesmanseconomics.wordpress.com What is really behind the rise in bond yields? As 2026 has developed we have seen bond yields become a bigger and bigger issue.
Notayesmanseconomics's Blog
notayesmanseconomics.wordpress.com
UK Chancellor John Healey is under pressure this morning as the UK 30-year yield rises to 5.88% this morning. For context below is my tweet from just over a year ago... x.com/notayesmanse...
Shaun Richards (@notayesmansecon) on X
UK Chancellor Rachel Reeves is back under pressure with the UK 30-year bond yield closing the week at 5.57%.
x.com
Bad news for UK Chancellor John Healey as the UK ten-year yield reaches 5.2% Klaxon. Take a little care as some of this looks like a change in the underlying Gilt but the future is 0.7 points lower at 85.30.
UK Wind Power remains at 9.7GW this morning. With 3GW of Solar we are burning 3.2GW of Gas as well as importing 3.9GW. Hydro is 0.2GW. Nuclear is 4.9GW and the awful Biomass 3.2GW. The price of wholesale electricity over the past 24 hours was £130 per MWh. #renewables
UK Wind Power has rallied to 9.7GW this morning. With 3.6GW of Solar we are burning 1.7GW of Gas as well as importing 3GW. Hydro is 0.2GW. Nuclear is 5GW and the awful Biomass 1.8GW. The price of wholesale electricity over the past 24 hours was £155 per MWh. #renewables
Yesterday was another poor day for UK Solar Power as it did not even rise to a quarter of claimed capacity.
@notayesmansecon.bsky.social · 5d agoUK Wind Power has more than halved to 3.1GW this morning. With 2.5GW of Solar we are burning 1.9GW of Gas as well as importing 5.7GW. Hydro is 0.2GW. Nuclear is 4.9GW and the awful Biomass 3.2GW. The price of wholesale electricity over the past 24 hours was £149 per MWh. #renewables
UK Wind Power has more than halved to 3.1GW this morning. With 2.5GW of Solar we are burning 1.9GW of Gas as well as importing 5.7GW. Hydro is 0.2GW. Nuclear is 4.9GW and the awful Biomass 3.2GW. The price of wholesale electricity over the past 24 hours was £149 per MWh. #renewables