In theory, QE works by reducing long-term interest rates: bond purchases equal to 10% of GDP are estimated to reduce rates by 0.5 to 1ppts

In theory, QE works by reducing long-term interest rates: bond purchases equal to 10% of GDP are estimated to reduce rates by 0.5 to 1ppts. But we might expect future QE programmes to be less effective b/c long-term bond rates are at or near historic lows. https://t.co/yDtLFjt8w6 pic.twitter.com/WPh4cOxI0P — Holger Zschaepitz (@Schuldensuehner) September 30, 2019

$DXY: US dollar can strengthen even further given relatively lower RoW policy rates

🇺🇸 U.S. Dollar The chart suggests that the percentage of developed countries with policy rates below U.S., is a support for the U.S. dollar 👉 https://t.co/LviK3hr7na h/t @BofAML #markets#monetarypolicy #dollar #currency $usd #money #usdollar $dxy #dxy #forex pic.twitter.com/BgOi3BBQny — ISABELNET (@ISABELNET_SA) September 28, 2019

$USDCNY: Hong Kong Exchange bid for London Stock Exchange will give HKEx ownership of FTSE Indices for potential forced inclusion of Chinese bonds/ securities

The HK exchange bid for the LSE is rooted in the fact that the LSE owns FTSE indicies. Chinese bonds aren’t currently in the FTSE. The crafty Chinese are thinking that a $39billion bid for the exchange can net them $200 billion in capital flows once they force inclusion #china — Kyle Bass (@Jkylebass) September […]