Jun 16, 2015 20:26 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.16% while the 10yr should open around 3.35%.AU swap yields 1-3 month: The 10yr should continue to rise, following US yields, and targets above...
Jun 16, 2015 20:25 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 unchanged at 3.19% while the 10yr should open up 1bp at 4.04%. Dairy prices, which the RBNZ...
Fed and Greece continue to dominate the market’s attention
Jun 16, 2015 19:00 pm UTC| Commentary
The Fed and Greece are the two issues that continue to dominate the markets attention. In tomorrows Fed press conference, Yellen is widely expected to make it clear that rate hikes are coming with most bets on September -...
Legal uncertainties surrounding the OMT are likely to persist
Jun 16, 2015 18:21 pm UTC| Commentary
As expected, the final ruling of the European Court of Justice (ECJ) states that the ECBs OMT programme is compatible with EU law. As previously expressed in the opinion of the Advocate General, the court points out the...
Credit markets remained volatile last week on failed Greek negotiations
Jun 16, 2015 18:04 pm UTC| Commentary
Overall credit markets remained volatile last week as negotiations between Greece and its creditors turned south, which subsequently saw IMF pull out of negotiations. Both Itraxx main and crossover widened as a result...
Euro Area Watch: Key dates ahead for Greece
Jun 16, 2015 17:15 pm UTC| Commentary
A missed payment by Greece on 30 June would be crucial. It could not be ignored by the ECB and would have drastic consequences on ELA. Not repaying the ECB on 20 July would be the last straw. It would be a forced transfer...
Jun 16, 2015 16:35 pm UTC| Commentary
Western Union notes:The dollar held broad gains following mixed news on Americas housing sector. Housing starts were down 11.1 percent in May to an annual pace of 1.04 million units, giving back some of its 22.1 percent...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects