Hive Explainerssee more…

  1. Oil ETFs: What You Should Know Before You Invest

    John Tierney

    An oil ETF is an exchange-traded fund (ETF) that offers investors exposure to the oil industry or oil as a commodity.

  2. Commodity Oil ETFs: What You Should Know Before You Invest

    John Tierney

    A commodity oil ETF is an exchange-traded fund (ETF) that offers investors exposure to oil or natural gas as a commodity.

  3. How Do Markets Price ECB and BOE Interest Rate Expectations?  

    Richard Jones

    European Central Bank (ECB) and Bank of England (BOE) policies are in play – understanding market pricing of ECB and BOE expectations is critical.

  1. How Markets Price Fed Interest Rate Expectations

    Richard Jones

    Central banks globally have begun their tightening cycles in earnest. In July, the Federal Reserve (Fed) hiked interest rates 75 basis points (bp) in the battle against inflation...

  2. Are We in a Recession? Okun’s Law Says No

    Dominique Dwor-Frecaut

    There are technical and academic definitions of recession. Technically, a recession occurs when quarterly GDP growth is negative for two quarters in a row.

  3. How Long Will This Bear Market Last?

    John Tierney

    With the S&P 500 down around 20% from its recent high, we are in a bear market. We offer a framework to assess what stage it is in and what likely comes next.

Why Do Central Banks Use Futures Prices?

Henry Occleston

Futures prices are important to understand. They are used by various institutions in their forecasts and thus help shape government and central bank policy.

Stablecoin: What Should an Investor Know?

Dalvir Mandara

Stablecoins are cryptocurrencies that are supposed to maintain a 1:1 peg against a reference asset (e.g., USD).

  1. What Are TLTROs? And How Will They Affect ECB Monetary Policy in 2022?

    Henry Occleston

    Targeted longer-term refinancing operations (TLTROs) are a form of non-regular, longer-term lending the Eurosystem offers to banks.

  2. Why Is the EU Looking to Ban Russian Oil?

    Henry Occleston

    The European Union (EU) is debating a ban (or embargo) on imports of Russian crude oil and petroleum.

  3. Stagflation: What Is It? And Will It Drive Prices in 2022?

    Dominique Dwor-Frecaut

    Stagflation is the persistence of negative GDP growth – or rising unemployment – and high inflation, which we can define as inflation above 2%.

The Fed Balance Sheet: What Happens in May 2022?

Dominique Dwor-Frecaut

Recent Fed communications suggest it will announce the start of quantitative tightening (or securities portfolio shrinkage) at next week’s FOMC meeting. In this explainer...

Convexity and Duration as Factors in Bond Market Investment

Sam van de Schootbrugge

In this explainer, we cover how to price a bond, how to use duration to predict bond price changes, and how to use convexity to get better estimates of profit and loss.

  1. What Proof-of-Stake Is and Why It Matters for Blockchain

    Dalvir Mandara

    What is proof of stake? This explainer explores what PoS is, how it works, its weaknesses as well as which cryptocurrencies use it.

  2. Fertilizer Prices in 2022: How Will They Affect Food Markets?

    John Tierney

    Fertilizer prices rose 50% since the invasion of Ukraine because Russia is the leading exporter of fertilizer and related raw materials.

  3. What Is Causing Inflation? And Can the Fed Lower It Without a Recession?

    Dominique Dwor-Frecaut

    Inflation is a positive growth in the price of goods and services. A one-off increase in the level of prices does not cause inflation...

How the Baltic Dry Index Impacts Markets

John Tierney

The Baltic Dry Index (BDI) is one of those more obscure financial indicators that turns up in the financial press from time to time when freight shipping rates break out...

The EU Taxonomy: Its Meaning, Objectives and Usage

Henry Occleston

The EU taxonomy (or green taxonomy) arose in response to the issue of greenwashing. So-called green investment and green finance have been...

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