Indonesian economy remains sluggish, central bank likely to ease policy further in 2016

Mar 31, 2016 11:57 am UTC| Commentary

Indonesias central bank, Bank Indonesia (BI) has lowered the policy rate in its past three meetings from 7.5% to 6.75%, continuing with its easing policy. Low price pressures might encourage the central bank to further...

U.S Treasury climbs on Fed rate outlook

Mar 31, 2016 11:42 am UTC| Commentary

The U.S. Treasury gained on Thursday as traders pushed back bets on the timing of the next interest-rate increase from the Federal Reserve. The benchmark 10-year note yields fell 2 basis points to 1.81 pct and 2-year...

Japanese 30-year bonds rally after BoJ’s operation plan

Mar 31, 2016 11:40 am UTC| Commentary

The Japanese long term 30-year debt rallied on Thursday in end session as the BoJ announced April JGB purchasing operation plan. The BoJ in its release mentioned that they have increased the size of the 25- to 40-year...

Chinese bonds gain as Standard & Poor’s lowers outlook

Mar 31, 2016 11:39 am UTC| Commentary

The Chinese 10-year gilts gained on Thursday as SP, a global rating agency has cut Chinas outlook from stable to negative, increasing the prospects that there could be cut in Chinas ratings, over next three months. The...

Renminbi Series

Renminbi Series: Keep tab on first SOE default on dim-sum bonds

Mar 31, 2016 11:35 am UTC| Commentary

A Hong Kong based unit of Chinas eighth biggest investment bank Guosen Securities has defaulted on Hong Kong traded Yuan bond, known as dim sum bonds. This is the first default of this kind by a state owned enterprise. It...

Danish goods and service exports likely to grow despite 2015 disappointing performance

Mar 31, 2016 11:20 am UTC| Commentary

In 2015, Denmark posted disappointing exports data. Total exports declined nearly 1% last year, as compared with Danske Banks forecast of 3.6% y/y. Most disappointing was service exports that declined 5%. In 2015, global...

Brazil’s economy likely to contract again in 2016 and remain flat in 2017

Mar 31, 2016 10:59 am UTC| Commentary

Inflation pressures in Brazil continue to be high. IPCA inflation is much above the central banks target range of 2.5-6.5%. Moreover, prices of imported goods will increase due to weaker real. Price of electricity is...