
Aug 18, 2016 07:30 am UTC| Central Banks Commentary
Last months ECB meeting was surprisingly muted, with most members of the Governing Council appearing to opt for a wait-and-see approach after the Brexit referendum. The minutes released today could nevertheless provide...
Minutes shows considerable divisions in FOMC
Aug 18, 2016 07:02 am UTC| Commentary Central Banks
July was a meeting where only Kansas City Fed President Esther George voted in favor of a rate hike; however, the minutes released yesterday shows deep divisions among policymakers, which left the door open for a rate hike...
War between FX vols, central banks, EMs and hedging costs
Aug 17, 2016 13:47 pm UTC| Central Banks
FX volatilities currently trade at higher levels than before but we have to realize that previous abnormally low levels in 2014 were the exception, not the rule. Hedging costs increased partly because of higher FX...

UK's first hard data post-Brexit don’t show much impact yet, likely to keep BoE on hold at Sept meet
Aug 17, 2016 12:04 pm UTC| Insights & Views Economy Central Banks
The first set of UKs hard data from the post-referendum period do not show any major impact from Brexit yet and hence is likely to keep the Bank of England (BoE) on hold at its September 15 meeting. A survey by...
Long-dated gilt yields dive below short-dated ones at auction
Aug 17, 2016 11:28 am UTC| Commentary Central Banks
Long-dated government bond frenzy continues in the UK bond market and that has led to something you dont see every day. The demand is so high that investors bought 1.25 billion long-dated gilts at an average yield of 1.214...
What to watch out in today’s FOMC minutes?
Aug 17, 2016 10:45 am UTC| Commentary Central Banks
Today, Federal Reserve Open Market Committee (FOMC) will release the minutes of its July meeting, which is the biggest event risks for the dollar-based pairs. Todays minutes are of particular interest to have a feel of...
BoE’s package leads to a surge in bond issuance
Aug 17, 2016 08:45 am UTC| Commentary Economy Central Banks
The Bank of Englands (BoE) comprehensive package, especially the introduction of a 10 billion corporate bond purchases has triggered a mega surge in bond issuance from UK corporates as the companies join in to avail the...