Archive for April 10th, 2012

Central Bank Watch

Bank of Japan: No Policy Changes

April 10, 2012

The Policy Board deliberated for 5 hours and 13 minutes over Monday and Tuesday and, as expected, decided unanimously to retain a 0-0.1% target overnight interest rate range and not to expand quantitative easing beyond the JPY 65 trillion ceiling established after a hike of JPY 10 trillion announced in February.  The last interest rate […] More

New Overnight Developments Abroad - Daily Update

Gloom Continues over Euro Debt Problems

April 10, 2012

The Easter break is over, and investors continue to fret about Europe’s debt issues.  The IMF will be releasing a new World Economic Outlook today. The Spanish-German 10-year sovereign debt yield spread widened to 5-month high. Post-holiday opening levels of ten-year German bund and British gilt yields show steep drops of five and eight basis […] More