New Zealand RBNZ to cut rates

Jun 25, 2015 08:58 am UTC| Commentary

In New Zealand, the RBNZ adopted an easing bias in April and acted on that bias in June, cutting the cash rate by 25bp, to 3.25%.Strong house prices is not regarded as obstacle to cutting rates, given the RBNZ has...

Long end: US-EUR divergence trades look attractive

Jun 25, 2015 08:02 am UTC| Commentary

The price action over the past few months in longer tenors globally has mainly been about rising term premia.At current yield levels, term premia is close to zero in longer tenors, both in the US and euro area, estimates...

Australia RBA on hold, growth likely to improve

Jun 25, 2015 07:47 am UTC| Commentary

In Australia, growth is expected to still improve over the next couple of years.Lower interest rates are boosting housing construction, where the biggest boom since the 1990s is under way, and consumer spending via the...

Eurogroup postponed again

Jun 25, 2015 07:36 am UTC| Commentary

The meeting of the euro group, started late but only went on for an hour.The Greek government was still in the midst of negotiations with the institutions about a reform list.The euro group meeting was once again...

China to remove 75% LDR rule; interest rates lower on liquidity injection

Jun 25, 2015 07:20 am UTC| Commentary

The National Development and Reform Commission (NDRC) of China has allowed some local government financing vehicles (LGFV) to issue new bonds for the repayment of maturing debts yeasterday. Reports are that up to 40% of...

Mexican peso following global backdrop

Jun 25, 2015 07:09 am UTC| Commentary

The Mexican peso continues trading with a weak tone but in line with the global backdrop.EM FX continues to watch closely the result of negotiations in Greece with this event preventing a rally in the MXN over the past two...

Fed liftoff not likely to cause another tantrum

Jun 25, 2015 06:53 am UTC| Commentary

Backed by our confidence in the US outlook, the Fed is expected to begin hiking its policy rate if not in September then in December.The risk to the Feds rate hike evolving around the questions of low term premium, the...