South Korean bonds hold gains despite January inflation jumping to over 4-year high

Feb 02, 2017 06:45 am UTC| Commentary

The South Korean bonds held gains Thursday despite the countrys consumer price inflation (CPI) jumping to over 4-year high in January. The 10-year bond yield, which moves inversely to its price, traded 2 basis points...

U.S. manufacturing activity grows in January for fifth straight month, momentum likely to continue in months ahead

Feb 02, 2017 06:44 am UTC| Commentary

Manufacturing activity in the U.S. grew for the fifth straight month in January. The ISM manufacturing index rose 1.5 points to 56 in January, indicating the strongest pace of growth in over two years. Consensus...

New Zealand bonds close narrowly mixed ahead of RBNZ’s first monetary policy decision of 2017

Feb 02, 2017 05:33 am UTC| Commentary

The New Zealand government bonds closed narrowly mixed Thursday as investors remained sideline in any big deal ahead of the Reserve Bank of New Zealands (RBNZ) first monetary policy decision of 2017. Also, Chinese...

FOMC monetary policy January 2017: Assessing future bias

Feb 02, 2017 05:22 am UTC| Commentary Central Banks

Yesterday, FOMC policymakers preferred to keep policy steady and not to go for a hike. This was somewhat expected given the fact that Fed hikes rates in December last year. Lets first assess the bias in monetary policy...

Australian bonds plunge as trade surplus hits record-high in December, RBA in focus next week

Feb 02, 2017 05:17 am UTC| Commentary

The Australian bonds plunged Thursday, as trade surplus hit record-high in December, also coming in better than what markets had initially anticipated. Also, investors are now looking forward to the Reserve Bank of...

FOMC keeps fed funds rate on hold, committee to closely monitor inflation and financial developments

Feb 02, 2017 05:08 am UTC| Economy Central Banks Commentary

The Federal Open Market Committee (FOMC) kept its fed funds rate steady at 0.50-0.75 percent range, widely in line with market expectations. As was the case in December, the statement noted that near-term risks to the...

Australian trade surplus hits record high in December on stronger exports to China

Feb 02, 2017 04:49 am UTC| Economy Commentary

Australian trade surplus posted a mammoth gain in December, with the trade surplus rising to AUD3.5 billion (recorded since the series started in 1971), from an upwardly revised AUD2.0 billion in November. The sizeable...