Central Bank Watch
No Policy Change Likely at the Bank of England
December 8, 2010
The Monetary Policy Committee is holding its last policy session of 2010, a year in which no changes are likely to have been made. The Bank Rate has been at 0.5% since a cut in March 2009. The last extension of quantitative easing, a rise of GBP 25 billion to a GBP 200 billion ceiling, […] More
Central Bank Watch
Another Icelandic Central Bank Rate Cut — 14th So Far
December 8, 2010
The central bank of Iceland’s seven-day collateralized lending rate was slashed by another 100 basis points to 5.5% and has dropped 1,250 basis points since the first of 14 reductions made in March 2009. A statement from Icelandic monetary officials reiterated the factors cited at the time of the previous reduction, a 75-bp cut on […] More
New Overnight Developments Abroad - Daily Update
Bond Yields Rocket Upward
December 8, 2010
Ten-year sovereign debt yields advanced overnight by a further 7,6, and 4 basis points in Japan, Britain and Germany. 10-year Treasuries are signaled up 5 bps. Since Bernanke mentioned the likelihood of QE2 in late August, yields have advanced 79 bps in Germany, 63 bps in Britain, 57 bps in the United States and 24 […] More
