Greek situation pose challenges for TARGET 2 payment system
Jun 26, 2015 10:33 am UTC| Insights & Views
TARGET 2 is large value payment system which is an interbank payment system for the real time processing of cross border transfers throughout European Union. TARGET 2 is a real time gross settlement system. Target 2...
1M USD/MXN funding valuation adjustment spreads fairly priced in
Jun 26, 2015 10:21 am UTC| Insights & Views
1M vol swap vs. 1M1M FVA packages are currently well priced in BRL and MXN.Not only is the net vol carry on offer meaningful, but also risk-reward looks highly asymmetric in the desired direction.Internally, FVA plays an...
Euro bulls seem edgy; put back spreads bid speculation opportunities
Jun 26, 2015 10:16 am UTC| Insights & Views
Datawise, the calendar remains exceptionally light today with euro zone money supply data and the final read of US consumer sentiment for June from the University of Michigan.Euro zone money growth is likely to have...
Jun 26, 2015 09:32 am UTC| Insights & Views
As of now it seems like that the Greek drama will continue till the very end which as of now stands as June 30th, when Greece needs to pay back IMF around 1.6 billion. On that very same day extension of the bailout by...
Chinese stock dragon retreats big time
Jun 26, 2015 08:23 am UTC| Insights & Views
Chinese stock market is retreating faster than expected. Chinas benchmark stock index is currently trading at 4192, down from 5174 made this month. Today Shanghai composite dropped about 7.4% in closing at one point...
Unemployment rate projections probably stimulate Mexican economy
Jun 26, 2015 08:04 am UTC| Insights & Views
Unemployment rate may be modest in May after max out in July 2014, the unemployment rate declined to 3.76% in December as labour force growth slowed in line with employment growth, and it then fluctuated between 4.51% in...
Guide to today’s important data and events
Jun 26, 2015 07:36 am UTC| Insights & Views
Few economic dockets scheduled for today. Risk associated is low. Data released so far - Germany - German import price index dropped -0.2% in May on monthly basis and -0.8% y/y. France - Consumer confidence...