New Zealand bonds close weak tracking U.S. counterparts; investors eye GDT auction next week

Mar 17, 2017 05:14 am UTC| Commentary Economy

The New Zealand bonds remained weak at the time of closing Friday, tracking softness in the U.S. counterparts amid a quiet trading session that witnessed data of little economic significance. Also, investors will remain...

Australian bonds relapse on profit-booking, track U.S. Treasuries

Mar 17, 2017 04:43 am UTC| Commentary Economy

The Australian bonds relapsed Friday as investors cashed in profits on the last trading day of the week after witnessing a long rally through the week. Further, investors will also be focusing on the Reserve Bank of...

U.S. Treasuries slump post Fed-Chair Yellen delivers 25bps interest rate hike

Mar 16, 2017 11:43 am UTC| Commentary Economy

The U.S. Treasuries slumped Thursday after the Federal Reserve Chair Janet Yellen delivered a 25 basis points rate hike in an overnight policy meeting, as was broadly anticipated by market participants. Also, investors...

USD/CNY likely to weaken towards 7.10 by end-2017, says ANZ Research

Mar 16, 2017 11:17 am UTC| Commentary Economy

The Chinese yuan is expected to weaken mildly against the greenback, touching almost a level of 7.10 by the end of this year. Despite various administrative measures to reduce capital outflow pressures, the tendency...

Political uncertainty likely to hold back economic activity in Korea until new President comes in place, says Fitch Ratings

Mar 16, 2017 09:51 am UTC| Commentary Economy

Political uncertainty is likely to hold back economic activity until a new president is elected. Uncertainty will delay investment and weigh on consumer confidence. In December 2016, consumer confidence fell to levels not...

PBoC likely to hike another 20bps by end-2017, says ANZ Research

Mar 16, 2017 08:57 am UTC| Commentary Central Banks Economy

The Peoples Bank of China (PBoC) is expected to raise its interest rate further by around 20 basis points by the end of this year leading the 7-day reverse repo rate to 2.65 percent, assuming that the United States Federal...

BOJ monetary policy: Assessing future bias

Mar 16, 2017 08:50 am UTC| Commentary Economy Central Banks

At todays meeting, policymakers at the Bank of Japan (BoJ) kept the policy unchanged, and the benchmark interest rate at -0.1 percent. Lets look at the current monetary policies, Bank of Japan had already shifted...