Thursday, 13 October, 2022

Inflation came in much faster than expected, bad news for the Fed

(New York Times) — Inflation rose rapidly in September and a key measure accelerated to the fastest pace since 1982, underlining the relentlessness of price increases. Fresh inflation data released Thursday showed that the consumer prices climbed far more quickly than expected and a key measure climbed to a fresh 40-year high, bad news for the Federal Reserve as it tries to bring the most rapid price increases in four decades back under control. Overall […] Read More

Wednesday, 12 October, 2022

Bailey Puts BOE Credibility on Line With Vow to End Gilt Buying

Governor Andrew Bailey put the Bank of England’s credibility on the line with a pledge to end emergency gilt purchases as scheduled on Friday, in the face of mounting market pressure to extend the program. Investors dumped UK assets after Bailey told pension funds they have just “three days left” to sort out their liquidity positions before the bond-buying will be halted. Sterling dropped below $1.10 for the first time since Sept. 29, prices for […] Read More

Tuesday, 11 October, 2022

BOE Adds Linkers to Bond Buying to Stop Market ‘Fire Sale’

The Bank of England was forced to expand its emergency measures to tackle chaos in the bond market, adding inflation-linked debt to its purchases in an effort to stop “fire sale dynamics.” The announcement on Tuesday came on the heels of a severe selloff that saw UK inflation-linked bond yields surging by the most on record. “The beginning of this week has seen a further significant repricing of UK government debt,” the central bank said […] Read More

Thursday, 06 October, 2022

Fed’s Cook Stresses Resolve to Curb Inflation in Debut Speech

Federal Reserve Governor Lisa Cook said she supports the central bank’s policy-tightening path and that further interest-rate increases and a period of policy restriction will likely be needed to bring inflation down. “With inflation running well above our 2% longer-run goal, restoring price stability likely will require ongoing rate hikes and then keeping policy restrictive for some time until we are confident that inflation is firmly on the path toward our 2% goal,” Cook said […] Read More

Friday, 30 September, 2022

Expected Index Extensions for end of September:

Expected Index Extensions for end of September: {GB} Gilts: +0.23 {US} US Tsy: +0.08 {EU} EGBs: +0.04 {GB} Gilt index meets strong duration extension on the back of £35.9bn dropping the index and the expected syndication tap of the 30y Green Gilt for around £4bn {US} US extension is in line with average for a non-refunding month {EU} Low duration extension for EGBs which compares with 0.15y last year Read More

Wednesday, 21 September, 2022

Key Takeaways From Fed Decision to Raise Rates 75 Basis points

<Back> to Return Previous Next Send Actions Translate News: News Story 09/21/2022 19:00:01[BN]  Key Takeaways From Fed Decision to Raise Rates 75 Basis Points By Scott Lanman (Bloomberg) —  Here are key takeaways from the Federal Reserve’s interest- rate decision and economic projections on Wednesday: TOPLive in Progress Fed raises its main rate 75 basis points, as anticipated, to a range of FOMC Rate Decision and Fed 3% to 3.25%, while new projections from officials […] Read More

Wednesday, 21 September, 2022

FED OFFICIALS’ MEDIAN VIEW OF FED FUNDS RATE AT END-2022 4.4%

FED OFFICIALS’ MEDIAN VIEW OF FED FUNDS RATE AT END-2022 4.4% VS 3.4% IN JUNE PROJECTION 21-Sep-2022 19:00:02 – FED OFFICIALS’ MEDIAN VIEW OF FED FUNDS RATE AT END-2023 4.6% (PREV 3.8%) 21-Sep-2022 19:00:02 – FED OFFICIALS’ MEDIAN VIEW OF FED FUNDS RATE AT END-2024 3.9% (PREV 3.4%) 21-Sep-2022 19:00:02 – FED OFFICIALS’ MEDIAN VIEW OF FED FUNDS RATE AT END-2025 2.9% 21-Sep-2022 19:00:02 – FED OFFICIALS’ MEDIAN VIEW OF FED FUNDS RATE IN LONGER […] Read More

Wednesday, 21 September, 2022

China’s Global Times editor: "Never underestimate the risk of

China’s Global Times editor: “Never underestimate the risk of the Ukraine war escalating into a nuclear conflict. If the US wants to defeat Putin outright, it needs to finally overcome the confidence and strength that nuclear forces bring to Russia.” Read More

Tuesday, 20 September, 2022

FOMC HIKES & HOPES:

FOMC HIKES & HOPES: Markets are now near convinced that tomorrow brings a 75bps increase in the Fed Funds target rate, the fifth consecutive rate hike from the Federal Reserve since the start of the year taking the US benchmark to 3.25%. Just as a point of reference, the S&P moves on the day of and 2 days following each FOMC move: – 16th Mar: Fed Funds +25bps / 16th, 17th, 18th Mar: S&P +2.2%, […] Read More