Archive for May 14th, 2013

Central Bank Watch

No Change Made in Indonesia’s Central Bank Reference Rate

May 14, 2013

Bank Indonesia’s main interest rate has been at a record low of 5.75% since a 25-basis point cut in February 2012 culminated a 100-bp three-step easing engineered within a four-month span.  Only one hike of 25 basis points in February 2011 had followed 300 bps of easing between December 2008 and August 2009.  The words […] More

New Overnight Developments Abroad - Daily Update

Data Highlight Disinflation But Bond Yields Rise

May 14, 2013

The 10-year Japanese JGB yield jumped another ten basis points to 0.84%.  The 30-year JGB auction had a yield of 1.775%, 28 basis points higher than the prior one.  Ten-year German bund and British gilt yields are a basis point firmer.  Spain’s auctions of six- and twelve-month sovereign paper drew a decent response with lower […] More