Bonds and Stocks
Interest Rates and Inflation
July 27, 2009
Figures in the table below are expressed in basis points expect for the latest ten-year bond yields and the latest on-year CPI inflation rates. Entries in the fourth, fifth, sixth and seventh rows are the respective changes of latest bond yield quotes from their averages so far this month, their average values in the first […] More
Central Bank Watch
Bank of Israel Ends Bond Buying
July 27, 2009
The Bank of Israel ended daily secondary market purchases of bonds but retained an ultra-low 0.5% benchmark interest rate. Monetary officials reacted to more normal capital market functionality, evidence of higher expected inflation near its upper target and a bigger-than-anticipated June CPI jump of 0.9% and 3.6% year-on-year. The bond buying plan, which ends on […] More
Central Bank Watch
A 100-Basis Point Rate Cut in Hungary
July 27, 2009
Magyar Nemzeti Bank implemented a rate cut as expected for the first time since January 19th, but its magnitude was twice as much as anticipated. The 8.5% central bank base rate is now back to its level before a 300-basis point hike last October 22nd, which had been taken in response to a sharply depreciated […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Equities Up in Asia and Europe
July 27, 2009
Typical of reduced risk aversion, the dollar has firmed 0.4% against the yen but dropped 0.8% relative to the Australian dollar, 0.5% against the kiwi, 0.4% against the euro, 0.3% against the Swiss franc, 0.2% against the Canadian dollar and 0.1% versus sterling. Ten-year bund, gilt and JGB yields are up 3 basis points, 2 […] More
