More than 6 trillion bonds in negative yield as 10 year JGB drops to negative

Feb 09, 2016 06:44 am UTC| Commentary Central Banks

Is it BOJ or run to safety? Doesnt matter. Bank of Japans bid to flatten yield curve is turning out to be huge success but Yen and Nikkei are not at levels of their desire. Nikkei cash is down more than 5% today, and...

Fed Hike Aftermath Series

Equity markets turmoil pushes no rate hike from FED closer to certainty

Feb 09, 2016 06:11 am UTC| Commentary Central Banks

With continued turmoil in global equity markets and relentless selling pressure in commodity segment is pushing investors to safety of government bonds, gold and Yen and also pushing back expectations for rate hikes in...

Fed Hike Aftermath Series

Yellen’s testimony to provide clues on whether a March hike is still in play

Feb 08, 2016 16:03 pm UTC| Commentary Central Banks

The US data calendar remains fairly light this week and the marquee event will be Fed Chair Yellens delivery of the semi-annual Monetary Policy Report to Congress, first before the House Financial Services Committee...

China Crisis Series

China aggregate financing likely to show big gains

Feb 08, 2016 14:56 pm UTC| Commentary Central Banks

China is likely to releases aggregate financing figures sometime over the course of this week or perhaps into early the following week. We can expect the value of new yuan-denominated loans issued to consumers and...

Renminbi Series

Renminbi’s depreciation seen as a viable option for PBoC

Feb 08, 2016 11:46 am UTC| Commentary Central Banks

Chinas balance of payment has deteriorated over a period of time and now exports alone cannot recover the high net capital outflow. In order to reduce the deficit the central bank will have to shed out from its reserve...

Currency War Series

More depo rate cuts still an option for the ECB, however, bold action unlikely

Feb 08, 2016 11:16 am UTC| Commentary Central Banks

After lowering its repo rate by 10bp and extending its quantitative easing in December 2015, the ECB left its key interest rates unchanged in Jan, even as low energy prices and concerns about Chinas impact on the global...

Japanese wage data fails to impress the central bankers

Feb 08, 2016 11:08 am UTC| Commentary Economy Central Banks

According to recent data from Japans Ministry of Health, Labour and Welfare, Decembers bonus payments declined 0.4% below that of 2014, shattering the Japanese central bankers hopes of re-inflation. Further the summer...