British industrial production and trade deficit

Bond Market Slide Weighing on Dollar and Stocks

January 10, 2018

Rising long-term interest rates caused by growing optimism about global growth prospects is now depressing the dollar and stocks. The 10-year Treasury yield is 18 basis points above the end-2017 level just seven business days into 2018. Another Treasury market depressant has been an apparent Chinese decision to suspend purchases of U.S. government debt. The […] More

Softer Pound

May 11, 2017

Sterling fell 0.4% against the dollar overnight. The ten-year British gilt yield has firmed two basis points, and the Ftse is little changed. The Bank of England left policy unchanged but suggesting greater monetary policy tightening during the forecast period than is implied in market interest rates. Several British economic statistics were reported. Similar to […] More

Awaiting U.S. Jobs Data

September 6, 2013

The dollar has lost 0.8% against the kiwi, 0.6% versus the loonie, 0.4% relative to the yen and Australian dollar and 0.1% versus the Swiss franc.  The dollar is also unchanged against sterling, the euro and yuan. Japan’s Nikkei slumped 1.5% in part on unconfirmed news that Tokyo, heretofore the front-runner, is not going to […] More

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