Monthly Archives: May 2018

Two weeks ago, the US 10-year bond yield broke decisively through 3% and the oil price (Brent) rose above USD 80. Last week saw an abrupt “about turn”, as dovish Fed minutes continued geopolitical wrangling and speculation of easing OPEC supply restrictions, prompted the largest drop in US yields in over a year and a 7% intra-week decline in the oil price (with further declines yesterday).... more
Since its inception in 1994, Austen Morris Associates has upheld the core values of trust, professionalism and partnership that have led to many long-term relationships with our clients, employees and partners.... more
After a month long flirtation, the US 10 year decisively broke through the 3% yield barrier last week, prompting a sharp appreciation of the USD. Whilst US yields have now more than doubled from their 1.35% nadir in July 2016, this still represents an extremely low level by historical standards. Nonetheless, as discussed in recent weeks, the market is now clearly in a different and more volatile paradigm from that enjoyed during 2017.... more
Austen Morris Associates is pleased to announce that Daniela De Falco has joined the Johannesburg, South Africa team as a Client Services Manager. Daniela began her career in the hospitality industry, where she worked as a commis chef in various restaurants and catering organisations.... more
As the global economy normalises after 18 months of perfect calm, a number of flash points are emerging. Argentina has requested help from the IMF after a precipitous fall in its currency and facing an unsustainable fiscal position. This comes only 6 months after the country successfully sold 100 year bonds, which now trade below 90 cents in the dollar...... more
The first Austen Morris Associates’ South African office was established in Johannesburg in 2013 in order to strengthen our footprint in one of Africa’s fastest-growing economies. Situated in the Jacaranda-lined suburb of Bryanston, the office provides us with easy access to Sandton, the country’s bustling financial hub where the JSE Securities Exchange is located.... more
On Friday, the US jobs report confirmed unemployment had fallen to 3.9%, a low last reached in December 2000 and before that in January 1970. As a consequence, the probability of a FED interest rate hike in June rose to near enough 100%. ... more
Austen Morris Associates is pleased to announce that Chad Goddard has joined the Johannesburg, South Africa team as a Consultant. With a strong background in client relationships and business development, he has comprehensive knowledge of the insurance, consulting and FMCG industries. ... more
PIQUE OR PEAK After 18 months of perfect calm, global equity markets have traded lower and with increased volatility since late January. Indeed, even over the past few weeks during which corporate earnings for Q1 ... more