Archive for May 29th, 2019

Central Bank Watch

Canadian Monetary Stance Deemed Appropriate… No Changes Made

May 29, 2019

Just five weeks separated the last meeting of the Bank of Canada’s Governing Council on April 24 and this week’s, and officials decided to maintain the overnight rate target at 1.75% as was expected. A released statement observes that the economic landscape has evolved as anticipated in three notable areas: 1) domestic demand is picking […] More

New Overnight Developments Abroad - Daily Update

Further Decline in Sovereign Debt Yields and Share Prices

May 29, 2019

The ten-year U.S. Treasury yield dropped another 3 basis points, and sovereign debt yields of similar maturity slid a basis point overnight in Germany, the U.K., and Japan as well. Investors are bracing for slower global growth as trade protectionism intensifies. Share prices fell by a bit more than 1.0% in Japan, South Korea, France, […] More