U.S. housing starts
Bond Yields, Stocks, and Dollar Higher
May 19, 2015
The dollar strengthened 1.4% against the euro, 1.0% versus the Swiss franc, 0.8% relative to sterling, 0.6% vis-a-vis the Canadian and Australian dollars and 0.2% versus the kiwi. The yuan held steady. Ten-year Treasury and British gilt yields are four and three basis points firmer. Equities in the Pacific Rim rise by 3.4% in China, […] More
Setback for France, Good News from America
November 20, 2012
Moody’s withdrew France’s top-grade sovereign credit rating. S&P had already done this some time earlier, and coincidentally the cover story of this week’s Economist presents an alarming portrayal of France as “the time-bomb at the heart of Europe” and the “biggest danger to Europe’s single-currency.” Moody’s cited structural problems such as France’s persistent erosion of […] More
