Central Bank Watch
Bank of Japan Preview
July 10, 2012
The Bank of Japan will not immediately join its counterparts in the euro area, China, and Britain, which seemingly eased in coordinated fashion last Thursday. A two-day meeting of the Bank of Japan Policy Board, which begins Wednesday, will neither cut the interest rate target nor expand quantitative easing. The target range for the overnight […] More
New Overnight Developments Abroad - Daily Update
Some Hope Returns to the Market
July 10, 2012
News that the Eurogroup of Ezone officials announced plans for faster loans to Spanish banks pushed 10-year Spanish sovereign debt yields back to 6.90% from 7.07%. China’s trade surplus surpassed expectations in June. At $31.7 billion, such was easily the largest surplus of 1H12. There was a $68.8 billion surplus in the second quarter after […] More
