Archive for June 16th, 2010

Central Bank Watch

Central Bank of Chile Begins to Normalize Interest Rates

June 16, 2010

The key overnight Central Bank of Chile interest rate was doubled to 1.0% on Tuesday.  The 50-basis point increase was greater than analysts were assuming.  An increase this month had been strongly implied after policymakers met in May.  They had slashed their rate by 600 basis points in the first quarter of 2009, 150 basis […] More

New Overnight Developments Abroad - Daily Update

New Uneasiness About European Public Finances

June 16, 2010

Officials denied market rumors of a big aid package being forged for Spain.  German 10-year bund yields rose 3 basis points, and spreads of Spanish, Portuguese, and Greek sovereign debt yields above bunds have widened to 219, 295, and 651 basis points. The dollar advanced 0.3% against the euro and yen, 0.2% against the Canadian […] More