Announcement: Moody's: China's shadow banking system continues to grow; leverage increases further
Jul 27, 2016 03:07 am UTC| Research & Analysis
Moodys Investors Service says that overall leverage in Chinas (Aa3 negative) economy continues to rise, as credit growth -- measured by total social financing (TSF) -- outpaces nominal GDP. The growth in overall...
Jul 26, 2016 12:32 pm UTC| Research & Analysis Insights & Views
This pair has dropped below DMAs as selling momentum seems to have been intensified but long-term downtrend remains intact upon the convincing volumes and other technical indicators favouring bears long term...
Jul 26, 2016 11:35 am UTC| Research & Analysis Insights & Views Central Banks
By the end of 2016, we expect USD/CNY to be testing 7.0 due to a mix of cyclical USD strength as well as domestic factors. FX intervention cannot continue indefinitely. The orderly, low vol depreciation of the RMB has...
Jul 26, 2016 11:24 am UTC| Research & Analysis Insights & Views
MXN has been an outlier in EM this year, having depreciated 7% YTD while the rest of Latin American (ex-ARS) saw record portfolio inflows and FX performances. We still hold a bearish view on MXN, citing current account and...
Moody's Downgrades Alaska to Aa2; Outlook Remains Negative
Jul 25, 2016 23:51 pm UTC| Research & Analysis
Moodys Investors Service has downgraded the State of Alaskas general obligation rating to Aa2 from Aa1. The outlook remains negative. The downgrade recognizes the states political inability - at least for now - to...
Jul 25, 2016 13:06 pm UTC| Research & Analysis Insights & Views
We hold short JPY skew risk as valuations are stretched. Short-dated tenors are exposed to BoJ under delivering this week, but longer dates offer consistently rich risk premia to fade. JPY vol risk premia are extreme...
Jul 25, 2016 12:34 pm UTC| Research & Analysis Central Banks
The Bank of Japan (BOJ) is the central bank most likely to adopt helicopter money policy but not in its traditional sense. We see near term upswings and extreme downside risks that are signalled by risk reversals ahead...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects