JPMorgan to brief clients on volatility in equity markets


FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar

(Reuters) – JPMorgan Chase & Co (JPM.N) plans to host a conference call for clients on Tuesday to address recent market moves, after last week’s inversion of the U.S. Treasury yield curve and a sharp sell-off on global stock markets.

“In the wake of a rather violent decline in yields, inversion of the curve, and volatility in equity markets, we consider the role of poor liquidity and systematic flows in exacerbating these market moves,” an invitation from JPMorgan Cross-Asset & Derivatives Strategy said.

It plans to discuss systematic flows and liquidity dynamics in equities, to what extent is high-frequency trading to blame for drops in market depth and convexity hedging in interest rate markets, the invitation shows.

Yields for 2-year and 10-year U.S. Treasuries inverted for the first time on Wednesday since June 2007, in a sign of investor concern that the world’s biggest economy could be heading for recession.

President Donald Trump held a conference call on Wednesday with the chief executives of the three largest Wall Street banks as financial markets were in turmoil, one source with direct knowledge of the matter said on Friday.

Reporting by Rama Venkat in Bengaluru; Editing by Nick Zieminski

Products You May Like

Articles You May Like

U.S. judge denied Trump adviser Stone’s request for a new trial: filing
China says coronavirus curbs start to work; 70 more cases on cruise ship
Kaepernick writing memoir about decision to protest during national anthem
Gainey gets probation in solicitation case
Trump kicks off Daytona 500 race with limo loop, Air Force One flyby

Leave a Reply

Your email address will not be published. Required fields are marked *