Renminbi Series: Yuan-Hibor turns negative first time ever

Mar 31, 2016 10:47 am UTC| Commentary Central Banks

Remember the Hibor? That came notoriously famous as after this Yuan based, Hong Kong interbank offered rate, in January reached 66.8% in January. At that time Peoples Bank of China (PBoC) drained Yuan liquidity from...

S. Korea to sell 7.8 tln won of state bonds in April

Mar 31, 2016 10:20 am UTC| Commentary

The South Korean government announced to sell 7.75 trillion won (US$6.77 billion) of state bonds in April. In the category of short term-term, government will sell 1.9 trillion won of 3-year Treasury notes, 1.8 trillion...

Euro area inflation remains in negative territory in March, to hover around zero for next few months

Mar 31, 2016 10:19 am UTC| Commentary

Euro areas March consumer price inflation accelerated slightly to -0.1% y/y. For the ECB, core rate is more important, but there are no signs of a sustained pick-up, says Nordea Bank. Acceleration in Germanys inflation was...

S&P cuts China’s rating outlook

Mar 31, 2016 10:16 am UTC| Commentary

One of the top three 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. Currently Chinas rating is held at...

Norway’s retail sales drop in February

Mar 31, 2016 09:50 am UTC| Commentary

Norways retail sales declined 0.5% m/m in February as compared with Januarys rise of 0.9% m/m and DNBs forecast of a growth of 0.3%. In the month, commodity consumption index dropped 0.7% m/m as compared with Januarys rise...

US core inflation likely to trend higher in Q2, Fed to hike rates in June, H2 2016

Mar 31, 2016 09:35 am UTC| Commentary

The US economy has advanced as the US Fed projected. The economic slowdown in the fourth quarter was brief. The economys fundamentals continue to be strong. Economic growth looks to have come back to its growth trend in Q1...

Subdued demand for Japan’s inflation-linked bonds another problem for Abenomics

Mar 31, 2016 09:34 am UTC| Commentary

The Japans Ministry of Finance has planned to reduce the issuance of inflation-linked Japanese government bonds at its next auction to 400 billion yen from an originally planned 500 billion yen as the price of the...