Deeper Analysis
U.S. Long-Term Capital Inflows Shot Up in November
January 19, 2010
The Treasury November TIC report (Treasury International Capital) revealed $118.3 billion of net foreign purchases of long-term Treasury securities, up from $37.2 billion per month in August-October, $26.3 billion per month last year, and $16.5 billion per month in 2007. The largest incremental gain came from Britain. This surge in demand for Treasuries was the […] More
Central Bank Watch
Bank of Canada Didn’t Break New Ground
January 19, 2010
As analysts expected, central bank policymakers in Canada retained a target of 0.25% on overnight money and a 0.5% Bank Rate, and they reaffirmed a pledge not to raise those rates before the middle of this year, contingent upon an unchanged outlook for inflation. Monthly short-term repo operations will continue through April to promote very […] More
Central Bank Watch
Sri Lankan Central Bank Rates Left Steady
January 19, 2010
The Central Bank of Sri Lanka retained a 7.5% repo rate and a 9.75% reverse repo rate as was expected. At the beginning of 2009, those boundaries stood respectively reduced from 10.5% and 12.0%. CPI inflation fell sharply last year but recently has picked up. Inflation averaged 22.6% in 2008 but just 3.4% last year; […] More
New Overnight Developments Abroad - Daily Update
Unsettling Data Releases
January 19, 2010
The ZEW reports on investor sentiment toward Germany and Euroland weakened more than expected in January. For Germany, the expectations index fell to 47.2 from 50.4 in December, 51.1 in November and 56.0 in October. The expectations index for the euro area printed at 46.4, down from 48.0 in December, 51.8 in November and 56.9 […] More
