Jun 04, 2015 20:12 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.14% while the 10yr should open around 3.27%.AU swap yields 1-3 month: The 10yr should continue to rise, following US yields, and targets above...
Jun 04, 2015 20:11 pm UTC| Commentary
Westpac Research notes:NZ swap yields 1 day: Given the movement in interest rates in key markets overnight, the NZ 2yr should open 2bp lower at 3.35% while the 10yr should open 3bp lower at 4.03%.NZ swap yields 1-3 month:...
Banxico keeps policy rate unchanged, maintains its neutral tone
Jun 04, 2015 19:16 pm UTC| Commentary
Banxico kept its policy rate unchanged at 3.00% at todays meet. The press release maintains its neutral tone and the balance of risks remains unchanged.As expected, the press release acknowledges that inflation is below...
Greece negotiations are gathering pace
Jun 04, 2015 17:20 pm UTC| Commentary
Negotiations between Greece and the Institutions have picked up pace, after four months of little progress. The meeting on Monday, 1 June, of Chancellor Merkel, President Hollande, EC President Juncker, ECB President...
Jun 04, 2015 17:12 pm UTC| Commentary
BofA Merrill Lynch notes:We are turning much more negative on GBP/USD. The corrective nature of the rally from the 100d, at 1.5171, and the potential for an impulsive decline from the 1.5815 high of May-14, says that the...
Jun 04, 2015 17:11 pm UTC| Commentary
BofA Merrill Lynch notes:With Bund yields turning, EUR/USD is likely to stall out and turn lower; particularly given its proximity to almost year-long trendline resistance at 1.1393. Against here, the larger downtrend for...
South African bonds/swaps have weakened more than US/Bund moves would justify
Jun 04, 2015 16:47 pm UTC| Commentary
South African bonds and swaps have sold off significantly over the past month. The weakeness is more than US/Bund moves would justify. The curve has bear steepened significantly with the 2s10s IRS spread 30bp steeper since...