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Philippe Waechter

Chief economist

Uncertainty on financial markets: the role of central banks

10.02.2016 - Philippe Waechter

Stock markets are trending downward very rapidly everywhere in the world.

In France the CAC40 has lost 13.8% of its value since the beginning of the year. At the same time, interest rates converge to 0% or below. In Tokyo, the 10 year government bond yield is now below 0%. According to the FT yesterday, the volume of government bonds that is traded below 0% has now reached USD 6tn close to one third of the market.

How can we understand this phenomena?

 

Read further on Philippe Weachter's blog

Philippe Waechter is Head of the economic research department of Natixis Asset Management.

Philippe joined Bred Banque Populaire in April 1988 as an economist. In 1994 he became Director of the economic research department. When Banque Populaire Asset Management was created in June 1998 (which then became Natexis Asset Management in May 2003) Philippe held the same position.

Philippe is graduated from the University of Paris I and worked as a Professor at the University of Evry from 2002 to 2003. He regularly works for the print and audiovisual media.

On Twitter

Philippe Waechter . 10h ago

RT @PaulPage: U.S. auto production is declining at the fastest rate since 2009 https://t.co/ei2SMvrHD8 via @WSJ https://t.co/M5DEzDIfQB

Philippe Waechter . 12h ago

RT @phil_waechter: Dette Publique, Dette Privée (ma chronique in extenso) https://t.co/zS541f39HT

Philippe Waechter . 12h ago

RT @phil_waechter: Public debt – Private debt: the real heart of the matter is not where we think (Part 1) https://t.co/uBryj5N6Qu