Deeper Analysis
October in Figures
November 1, 2016
The dollar rose in October especially versus sterling. Long-term interest rates increased everywhere, not just in the U.S. where monetary policy tightening is expected. The 10-year JGB remained below its target of zero, however. Short-term interest rates edged up marginally. Equities in October were mixed, and both the price of gold and oil slipped about […] More
Central Bank Watch
Reserve Bank of Australia
November 1, 2016
Australia’s Official Cash Rate was left unchanged at 1.5% at this month’s central bank Board meeting. A released statement observes a moderate pace of GDP growth of close to its potential trend, a low but partially recovered terms of trade, quite low core inflation around 1.5% that is projected to pick up gradually, mixed labor market […] More
Central Bank Watch
Bank of Japan Made No Policy Change
November 1, 2016
The Bank of Japan released a statement that did not modify any element of the current policy stance. Although not an entire surprise, some speculation prior to the meeting that officials might increase some components of its asset purchase program or perhaps modify certain terms like the maturity limit on what it will purchase. Likewise, some […] More
New Overnight Developments Abroad - Daily Update
Days of Wonder
November 1, 2016
Tomorrow’s FOMC statement is expected to prepare markets for a December rate hike. Ten-year sovereign debt yields are up 5 basis points in the U.S., 4 bps in Britain, and 3 bps in Germany. In Japan, where the BOJ now targets the 10-year JGB, that yield remained unchanged overnight. The U.S. election one week from […] More
