Banxico to raise rates just after the Fed?
Jul 31, 2015 03:29 am UTC| Commentary
Banxico decided to keep its policy rate unchanged at 3.00%. The press release keeps a neutral tone and the balance of risks for global growth and inflation remains unchanged from the previous meeting. The meeting minutes...

US GDP, history raises doubts over extent of FOMC normalisation
Jul 31, 2015 02:15 am UTC| Commentary
US GDP rose at a solid 2.3% annualised pace in Q2, much as expected. Household consumption drove the result, with momentum strengthening from Q1s 1.7% annualised pace to 2.9% as durables and non-durables growth improved...

RBI’s policy stance to turn softer
Jul 31, 2015 01:43 am UTC| Commentary
The Reserve Bank of India (RBI) is expected to keep the key policy rates unchanged next week. However, the RBIs monetary policy stance will likely turn softer as the risk of one more repo rate cut in H2 15 is rising. In...
Jul 31, 2015 00:50 am UTC| Commentary
Markets continue to walk a tightrope between two contrasting scenarios: 1) the possible start of a JGB bear trend over an extremely long cycle; or 2) the potential for further BoJ easing in October. The risk of an abrupt...

Jul 31, 2015 00:25 am UTC| Commentary
The market has pared back expectations of BoE tightening ahead of the August policy vote, which may well be split. Short-dated GBP rates have room to cheapen should the Inflation Report be hawkish, but this would be hard...

Euro area rates: Weekly review
Jul 30, 2015 23:53 pm UTC| Commentary
Most of the long-duration-biased EUR rates trades have done well lately. While risks are seen towards further bullish moves, risk/reward is no longer as compelling after reaching the profit-taking targets and considering...

Jul 30, 2015 23:27 pm UTC| Commentary
The July FOMC statement upgraded the assessment of the labor market, noting that "some" further improvement is needed before beginning the hiking cycle. Separately, the Fed staffs expected path of the hiking cycle looks...