Archive for March 26th, 2019

Deeper Analysis

One Problem with the Fed Letting Its Interest Rate Crest at 2.5%

March 26, 2019

Share prices are rallying today in part on hopes that the Federal Reserve has reacted quickly to a deterioration in the outlook for global and U.S. growth. By doing so, maybe the inversion of the U.S. yield curve that recently occurred will be the exception that doesn’t herald a U.S. recession within 18 months. I […] More

Central Bank Watch

Hungary Gets First Central Bank Interest Rate Hike in Since December 2011

March 26, 2019

The Monetary Council of Magyar Nemzeti Bank chose a time when many central banks including the Fed and ECB have turned more dovish to implement its first interest rate hike since a 50-basis point increase of the Base Rate way back in December 2011. That rate is now just 0.90% and was not changed at […] More

New Overnight Developments Abroad - Daily Update

Share Prices and Sovereign Debt Yields Rebound… Brexit Situation Remains Muddled

March 26, 2019

In futures trading, the 10-year treasury yield rose five basis points to 2.44%. The 10-year German bund and Japanese JGB yield firmed two bps, while their British counterpart is 3 basis points firmer. Share prices rebounded 2.2% in Japan, 1.1% in India, 0.9% in Indonesia, 0.8% in Taiwanand 0.6% in Singapore. European equity markets are […] More