Category Finance

That is one of the key charts to watch in markets at the moment. 2-year yields remain heavy close to the 3.55% mark but bond players will have to wait for vindication from the Fed tomorrow still. Besides that, 10-year yields are seen around 3.62% at roughly its…

Major currencies aren’t up to much today, with the dollar keeping steadier after its fall yesterday. USD/JPY did bounce back from lows under 140.00 to around 140.70 now, with the high earlier touching 141.25. There’s still much volatility in the pair compared to the others but this week,…

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Comments from Suzuki are here from earlier: Japan finance minister Suzuki says rapid FX moves are undesirable Reuters adds a little more: government will continue to analyse the impact of the strengthening yen on the economy and respond appropriatelysaid the stronger yen could affect the economy both positively…

More from Japan Finance Minister Suzuki – analysing the impact of the strengthening yenBlackRock is wary on Chinese equities – measured policy support is not enoughUBS says a Fed rate cut is ‘long overdue’, but a 50bp cut might be taken as panicIs the bond market going to…

New Zealand Treasury report, in summary: Indicators for June quarter GDP point to a drop in economic activity. We anticipate the economy contracted by 0.4% in the quarter, down from a forecast of 0.2% growth at our Budget Update. Economic data has been weak despite a period of…

Microsoft today announced new updates to its Copilot AI assistant, specifically aimed at helping small businesses streamline operations and innovate. With these latest enhancements, Microsoft is positioning Copilot as a crucial tool for small businesses, helping them manage everything from data analysis to customer engagement more efficiently. Microsoft…

I’ve posted on this earlier, but ICYMI and have rocked up for the daily mid-rate setting from the People’s Bank of China, I have some bad news. China is out on holiday today, there will be no mid-rate set for USD/CNY.South Korea is also on holidays today. Hong…

Markets are now pricing an above 50% probability (well above) for a 50bp FOMC rate cut on Wednesday. Consider: 1. Is the FOMC going to think that if they don’t cut by 50bp it’ll trigger huge financial market volatility? 2. Or is the FOMC behind it all, drip…