US Fed unlikely to hike next week

Sep 11, 2015 03:55 am UTC| Commentary Central Banks

Next week, all eyes will be on the September FOMC meeting, at which the Fed will also release the updated summary of economic projections, followed by the press conference. The Fed is unlikely to hike next week, despite...

Singapore: A tougher decision to hold policy

Sep 11, 2015 02:07 am UTC| Commentary Central Banks

The MAS to leave the slope, width and midpoint of the SGD NEER policy band unchanged at its October meeting. Growth and inflation rates have fallen by more than expected this year, but not by enough to trigger further...

Weekly Japan rates review

Sep 11, 2015 01:00 am UTC| Commentary

It is believed that further BoJ easing this year could be triggered by a contraction in GDP in Q3 15 or appreciation of the yen to 115/USD. Such risks, unlikely as they are, will continue to weigh on markets until October....

Weekly UK rates review

Sep 11, 2015 00:48 am UTC| Commentary

The MPC surprised no one by keeping the policy rate unchanged and maintaining an 8-1 vote split, with external member Ian McCafferty remaining the sole dissenter. At his Jackson Hole speech, Governor Carney was measured...

Weekly Euro area rates review

Sep 10, 2015 23:57 pm UTC| Commentary

With the short week in the US, the rates market has been somewhat less volatile. US data have come in better than expectations, which led to the Treasury markets selling off c.10bp and underperforming the 10y Bund and Gilt...

Weekly US rates review

Sep 10, 2015 23:51 pm UTC| Commentary Central Banks

US yields sold off modestly over the week, with 10y yields rising to 2.23%, as risk assets stabilized amid little economic data. Fedspeak was modestly dovish, with San Francisco Fed President Williams noting that his...

RBI highly likely to cut rates

Sep 10, 2015 23:32 pm UTC| Commentary Central Banks

The Reserve Bank of India (RBI) is expected to ease during the upcoming policy meeting on 29 September. 1y NDOIS is currently pricing in about 75bp of cut in the next 1y. One more cut is expected to materialize early next...