Foreign Exchange Insights and Next Week
A Nation and World Turns its Ear to Janet Yellen
February 9, 2016
Janet Yellen will be testifying Wednesday on the U.S. economy and monetary policy before the House Financial Services Committee and reprising her message Thursday to the Senate Banking Committee. Formerly known as the semi-annual Humphrey-Hawkins Hearings, Congress can be an unfriendly audience for Fed Chair-persons, especially in election years like this one. Yellen’s task will […] More
New Overnight Developments Abroad - Daily Update
Stampede from Stocks Into Bonds Accelerates
February 9, 2016
Japan’s Nikkei-225 plunged more than 900 points overnight (5.4%), and the 10-year JGB yield fell below zero to -0.03%. Many other markets in Asia were closed for the Chinese New Year (year of the monkey). Stocks in Australia and India skidded 2.9% and 1.1%. Compared to a month ago, the Shanghai Composite index has slumped […] More
