Euro area rates weekly review : Barclays
Jun 12, 2015 00:28 am UTC| Commentary
Barclays notes:5y5y fwd Italian yields have moved 210bp higher to 4.10% since mid March, led by the sell-off in Germany and spread widening in periphery due to concerns over Greece. We find the fair value at 3.30-4.30% and...
US rates weekly review : Barclays
Jun 12, 2015 00:26 am UTC| Commentary
Barclays notes:We maintain our recommendation to be long 10y US Treasuries, as forward yields are somewhat elevated relative to our estimates of neutral rates. In our view, term premia should actually be negative.Further...
Both EM and DM, see outflows due to continued UST volatility
Jun 12, 2015 00:20 am UTC| Commentary
Fund flow data for the week ended 10 June showed that both developed-market (DM) and emerging-market (EM) bond funds witnessed outflows due to continued US treasury (UST) volatility.EM bond funds had a third week of...
Indonesia government launches more initiatives to boost economic growth
Jun 11, 2015 23:51 pm UTC| Commentary
The Indonesian governments ambitious growth target of 5.7% this year (as stated in the revised budget) is unlikely to be met, given that the economy only grew by 4.7% y/y in Q1-2015 (slowing from 5.0% in Q4-2014). The...
Singapore – Retail sales growth to accelerate on base effects
Jun 11, 2015 23:11 pm UTC| Commentary
Singapore will release April retail sales on 15 June. A rise of 7.9% y/y is expected, from 2.1% the previous month. This is inflated by a favourable base effect, as retail sales fell sharply in April 2014 before rebounding...
Philippines – Steady remittance growth is expected ahead
Jun 11, 2015 22:27 pm UTC| Commentary
The Philippines will release April remittance data on 15 June. Remittance growth is expected to have eased to 5% y/y, from 11.3% in March.The strong March print was likely a one-off, supported by a more favourable exchange...
Uganda – Fiscal deterioration likely to trigger BoU rate hike
Jun 11, 2015 22:24 pm UTC| Commentary
Given recent pressure on the Ugandan shilling (UGX), the Bank of Uganda (BoU) is expected to raise its central bank rate (CBR) by 100bps to 13% when it meets on 16 June; there is a risk that it will do even more. Details...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned