Larry's Blog
Yankees Resilience
May 21, 2025
A series of setbacks for the New York Yankees that began with losing the 2024 World Series to the Los Angeles Dodgers in five games last October was followed by off-season losses of their second best hitter, a starting pitcher and two top relief pitchers, and continued into the 2025 spring training in Florida with […] More
Uncategorized
Central Bank Rate Cuts of 25 Basis Points in Jamaica, Indonesia and Iceland
May 21, 2025
The Bank of Jamaica implemented its fifth 25-basis point reduction since last August. The new rate level of 5.75% contrasts with 7.0% maintained previously from November 2022. The vote to undertake this latest cut was unanimous and, according to a statement, justified because inflation has been inside its 4-6% target since last September and is […] More
Central Bank Watch
Weakness of Bonds and Dollar Extends Further
May 21, 2025
Ten-year sovereign debt yields climbed overnight by six basis points the U.K., France, Italy and Spain, by five basis points in the United States and Germany, and by two basis points in Japan. The weighted DXY dollar index fell 0.5% so far this Wednesday to a two-week low. The intra-day low of 99.4 compares with […] More
