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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 6 Oct 2023 - - - #### Interesting FT article on UK neobanks: "UK fintech: neobanks may end up blending in" Low fees mean profits have remained elusive. But higher interest rates are now compensating for that, not least with better returns on client money put out on deposit. Satisfaction scores by customers are also much higher than traditional banks. Some lessons need to be learned. Source: https://lnkd.in/emZyY76d [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Interesting FT article on UK neobanks: ](https://blog.syzgroup.com/hubfs/1696573410966.jpg) ![Interesting FT article on UK neobanks: ](https://blog.syzgroup.com/hubfs/1696573410966.jpg) 6 Oct 2023 - - - #### Open interest for bullish call contracts has soared to an all-time high for $TLT Traders see an end to the market rout that has led to TLT’s longest streak of weekly losses since 2022. Source: Credit From Macro to Micro [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) ![Open interest for bullish call contracts has soared to an all-time high for $TLT](https://blog.syzgroup.com/hubfs/1696542086398.jpg) ![Open interest for bullish call contracts has soared to an all-time high for $TLT](https://blog.syzgroup.com/hubfs/1696542086398.jpg) 6 Oct 2023 - - - #### U.S. Mortgage Rates surpassed 8% this week for the first time in more than 23 years Source: barchart [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![U.S. Mortgage Rates surpassed 8% this week for the first time in more than 23 years](https://blog.syzgroup.com/hubfs/1696531018647.jpg) ![U.S. Mortgage Rates surpassed 8% this week for the first time in more than 23 years](https://blog.syzgroup.com/hubfs/1696531018647.jpg) 5 Oct 2023 - - - #### The construction sector in Germany is really crashing. The German PMI Construction Index fell to 39.3 in Sep from 41.5 in Aug, and the lowest level since statistics began Source: HolgerZ, Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) ![The construction sector in Germany is really crashing. The German PMI Construction Index fell to 39.3 in Sep from 41.5 in Aug, and the lowest level since statistics began](https://blog.syzgroup.com/hubfs/1696507697150.jpg) ![The construction sector in Germany is really crashing. The German PMI Construction Index fell to 39.3 in Sep from 41.5 in Aug, and the lowest level since statistics began](https://blog.syzgroup.com/hubfs/1696507697150.jpg) 5 Oct 2023 - - - #### The impacts of rising interest rates on the costs of your mortgage over the life of the loan In the US, A $400,000 house now costs over $1,000,000, with interest rates now at 7.7% from 3%. Source: WallStreet Sliver [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![The impacts of rising interest rates on the costs of your mortgage over the life of the loan](https://blog.syzgroup.com/hubfs/1696490227562.jpg) ![The impacts of rising interest rates on the costs of your mortgage over the life of the loan](https://blog.syzgroup.com/hubfs/1696490227562.jpg) 5 Oct 2023 - - - #### Turkey’s Inflation tops 60% despite massive interest rate hikes as oil surge worsens outlook Source: HolgerZ, Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) ![Turkey’s Inflation tops 60% despite massive interest rate hikes as oil surge worsens outlook](https://blog.syzgroup.com/hubfs/1696454738637.jpg) ![Turkey’s Inflation tops 60% despite massive interest rate hikes as oil surge worsens outlook](https://blog.syzgroup.com/hubfs/1696454738637.jpg) 5 Oct 2023 - - - #### Is ADP the start of something big or an anomaly, knowledge\_vital asks as ADP report for September saw a huge drop in new jobs to just 89k vs. 150k forecast, & down from +180k in Aug The 89k is the softest number since Jan 2021. Large comps drove downside, they shed 83k jobs in September. Souce: HolgerZ, Bloomberg [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![Is ADP the start of something big or an anomaly, knowledge\_vital asks as ADP report for September saw a huge drop in new jobs to just 89k vs. 150k forecast, & down from +180k in Aug](https://blog.syzgroup.com/hubfs/1696436899721.jpg) ![Is ADP the start of something big or an anomaly, knowledge\_vital asks as ADP report for September saw a huge drop in new jobs to just 89k vs. 150k forecast, & down from +180k in Aug](https://blog.syzgroup.com/hubfs/1696436899721.jpg) 4 Oct 2023 - - - #### IS THE US ENTERING A DEBT SPIRAL LEADING TO A SOVEREIGN DEBT CRISIS? Goldman, JP Morgan and BofA pull the alarm US debt is going parabolic! Total US debt rose by $275 billion in just ONE DAY. The US has added $32 billion in debt per day for the last 2 weeks. At the current pace, the US will add $1 trillion of debt in a month. Meanwhile: - David Lebovitz of JPMorgan Asset Management says something will break if rates continue to rise at the pace they've been going - "Fed hiking cycles always end with default & bankruptcy of extended governments, corporations, banks, investors." - BofA - Goldman Sachs: "There is a significant risk that FCIs continue to tighten until something breaks… (...) All roads appear to be leading to a continued sell-off in US + DM Rates as the market struggles to find the right clearing level for bonds (...) Risks are growing of a sharp, impulsive negative feedback loop in to other markets Source: Max Keiser, www.zerohedge.com [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![IS THE US ENTERING A DEBT SPIRAL LEADING TO A SOVEREIGN DEBT CRISIS?](https://blog.syzgroup.com/hubfs/1696415676798.jpg) ![IS THE US ENTERING A DEBT SPIRAL LEADING TO A SOVEREIGN DEBT CRISIS?](https://blog.syzgroup.com/hubfs/1696415676798.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/165) [164](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/164) [165](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/165) [166](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/166) [167](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/167) [168](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/168) [❯](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/167) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics/page/168?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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