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U.S. weekly initial jobless claims fall weaker than expectations

UK gilts jump after April consumer price inflation disappoints; retail sales data in focus

Australian bonds sink on never-ending U.S.-China trade war issues; 10-year yield hits fresh record low

USD/HKD spot likely to hover around 7.85 in run-up to G-20 Osaka Summit, with rising upside risks: Scotiabank

Polish retail sales likely to have grown 6.5 pct in March

NZ delivers healthy trade balance on back of strong export data, export volumes to drop away seasonally

FxWirePro: The Day Ahead- 23rd May 2019

JGB 10-year yield falls to 7-week low tracking U.S. Treasuries on worries over global economic slowdown

German bunds flat in muted trading ahead of ECB President Draghi’s speech, Q1 GDP data

FxWire Pro: Asian markets mixed, gold trades flat at $1,272 mark

U.S. Treasuries slump on support from Trump’s positive China trade deal comments

U.S. Treasury yields flat in muted trading ahead of FOMC Chair Powell’s speech

Global dairy prices likely to remain at $6.40/kg MS for 2018-19, stronger returns seen next season: ANZ Research

UK gilts suffer ahead of PM May’s departure on June 7; April retail sales better-than-expected

How South Africa's universities are making more students multilingual

FxWirePro: India’s Nifty50 reaches record high as Narendra Modi-led BJP sweeps election victory

Global Geopolitical Series: U.S. initiates AD & CVD investigations on metal file cabinets from China

U.S. 10-year Treasury yield likely to drift lower going forward, stay consistent with US fundamentals: Scotiabank

Wednesday, November 21, 2018 6:34 AM UTC
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The United States’ 10-year Treasury yield is expected to drift lower in general going forward, staying consistent with US fundamentals, according to the latest research report from Scotiabank.

The recent US stock selloff sparked risk aversion that has pulled the 10-year UST yield markedly lower. As we know, a stock market retreat if it deepens would noticeably curtail personal spending and economic growth, known as the wealth effect.

US Democrats winning back the House will dim chances for major stimulus initiative, eliminate the potential for more tax cuts and lower the nation’s future debt deficit. It is expected to drag down US economic growth in the year of 2019.

Further, a wider yield spread arising from a lower 10-year UST yield is expected to revive risk appetite in the coming sessions and prop up EM Asian currencies once again, although it could be temporary, the report added.

Top White House economic adviser Larry Kudlow said in an interview with Fox Business Network Tuesday that President Donald Trump is trying to "inject a note of optimism" into trade talks with China ahead of the planned meeting with Chinese President Xi Jinping.

Meanwhile, the US stock rout will raise the chance to deescalate US-China trade tensions at the upcoming Trump-Xi Summit set for December 1, although the Office of the USTR on Tuesday released a detailed 53-page report that accused China of continuing a state-backed campaign of intellectual property and technology theft.

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Economics Monitor

May 24 19:00 UTC Released

USCattle Marketed

Actual

106.9 %

Forecast

106.6 %

Previous

97 %

May 24 19:00 UTC Released

USCattle Placed On Fd

Actual

108.7 %

Forecast

113 %

Previous

105 %

January 31 00:00 UTC 692673692673m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 692673692673m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 704493704493m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 692673692673m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 704493704493m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 692673692673m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692673692673m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692673692673m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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