South Korean government trims 2018 GDP growth forecast to 2.9 pct, CPI inflation to 1.6 pct

Jul 19, 2018 06:17 am UTC| Commentary Economy

South Koreas government has trimmed its forecast for the countrys gross domestic product (GDP) for this year to 2.9 percent, from its December projection of 3.0 percent, and also lowered its consumer price inflation...

JGBs trade tad higher despite improvement in June trade balance; national core CPI seen rising to 0.8 pct y/y

Jul 19, 2018 05:31 am UTC| Commentary Economy

The Japanese government bonds remained tad higher Thursday as investors had largely shrugged-off the improvement in the countrys trade balance data for the month of June, released late yesterday. Investors now expect to...

Australian bonds slump after June employment change massively beats expectations

Jul 19, 2018 03:40 am UTC| Commentary Economy

Australian government bonds slumped on Thursday after June employment change massively beat market expectations, pushing the 2-year yield to highest since June 21. The yield on Australias benchmark 10-year Note, which...

Renminbi Series: China’s impossible trilemma returns to haunt

Jul 18, 2018 15:08 pm UTC| Commentary Central Banks Economy

Impossible Trinity/Trilemma is an economic concept which suggests that a country cant all the three following at the same time; a fixed foreign exchange rate, free capital movement, and an independent monetary policy. And...

U.S. 2-year Treasury yield overtakes Tuesday’s high following hawkish comments from Fed Chair Powell

Jul 18, 2018 11:36 am UTC| Commentary Economy

The U.S. 2-year Treasury yield on Wednesday, broke yesterdays high of 2.619 percent, albeit remaining flat at the time of writing, reaching a days high of 2.624 percent. In the overnight session, bond yields experienced a...

UK 10-year gilt yield slumps to 1-1/2 month low after June consumer inflation fails to meet market expectations

Jul 18, 2018 09:46 am UTC| Commentary Economy

The United Kingdoms 10-year gilt yield slumped to 1-1/2 month low during European session Wednesday after the countrys consumer price inflation (CPI) for the month of June failed to meet market expectations. Investors will...

U.S.’ net foreign demand for long-term securities weakens in May; impact of trade rhetoric to watch out for

Jul 18, 2018 08:57 am UTC| Commentary Economy

The United States net foreign purchases of long-term securities slowed in May, although foreign private institutions are still willing buyers of U.S. Treasury and corporate debt. Foreign official institutions remained net...