JGB yield curve flattens as BOJ extends maturity

Dec 18, 2015 08:22 am UTC| Commentary Central Banks

As announced in todays monetary policy meeting, Bank of Japan (BOJ) will extend its JGB portfolio duration and that is having its intended effect in Japanese government bond (JGB) market. Yen has defied weakness over...

Renminbi Series

Currency War Series

PBoC weakens Yuan fix by record ten days (again)

Dec 18, 2015 07:42 am UTC| Commentary Central Banks

Again for second time this year, Peoples Bank of China (PBoC) has fixed Yuan central parity weaker for 10 consecutive days, comprising depreciation of -1.49%, record for any such weakening. Last time was back in November,...

Fed Hike Aftermath Series

Fed policy normalization journey beginning

Dec 18, 2015 00:13 am UTC| Commentary Central Banks

The Feds decision to raise its target interest rate by 25 basis points in December was a function of both the strength in the labour market and the anticipation that inflation will slowly move back to target. However,...

Fed Hike Aftermath Series

Fed rate hike demonstrates investor's confidence in economy

Dec 17, 2015 15:40 pm UTC| Commentary Central Banks

The Federal Open Market Committee decided to raise interest rates by 25 basis points yesterday signaling the beginning of a gradual rate tightening policy. Markets across the world reacted positively to the news, U.S....

BOJ monetary policy preview

Dec 17, 2015 12:08 pm UTC| Commentary Central Banks

Bank of Japan (BOJ) will announce its monetary policy decisions tomorrow sometime in early Asian hours, sometime around 3:00 GMT. Speech by Governor Kuroda is expected to be scheduled at 5:00 GMT. Current monetary...

Fed Hike Aftermath Series

Pace of Fed tightening in 2016 will be faster than markets price-in

Dec 17, 2015 12:04 pm UTC| Insights & Views Central Banks

In what was a unanimous decision overnight, the US Federal Reserve raised its target range for the fed funds rate by 25 bps to 0.25-0.50%. The Feds rate hike was the first in nearly a decade, which puts an end to a...

Currency War Series

Norges Bank unlikely to cut rate at next meeting

Dec 17, 2015 11:43 am UTC| Commentary Central Banks

The Norges Bank hold the bank rate unchanged at 0.75% as expected. However, some experts argued that the Bank may cut rate as fall in oil prices affected the economy. The oil price fell more than what the central bank...