Archive for July 10th, 2012

Central Bank Watch

Bank of Japan Preview

July 10, 2012

The Bank of Japan will not immediately join its counterparts in the euro area, China, and Britain, which seemingly eased in coordinated fashion last Thursday.  A two-day meeting of the Bank of Japan Policy Board, which begins Wednesday, will neither cut the interest rate target nor expand quantitative easing.  The target range for the overnight […] More

New Overnight Developments Abroad - Daily Update

Some Hope Returns to the Market

July 10, 2012

News that the Eurogroup of Ezone officials announced plans for faster loans to Spanish banks pushed 10-year Spanish sovereign debt yields back to 6.90% from 7.07%.  China’s trade surplus surpassed expectations in June.  At $31.7 billion, such was easily the largest surplus of 1H12.  There was a $68.8 billion surplus in the second quarter after […] More