interest rates

Next week, which may be considered one of the most important weeks of the year, brings a host of important events and data releases that many investors have been waiting for. The week technically kicks off tomorrow when the US reports 3Q…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). To the Financial Times, October 7, 2010: Dear Sirs, It is…

If you are a corporate CFO, now is the time to issue bonds because interest rates are very low, courtesy of the Federal Reserve. And companies are doing that from IBM, to J&J and Microsoft. These companies don't need the money; they see…

Good interview on Bloomberg with David Blanchflower. He thinks the US is going to manipulate its exchange rate by printing a bunch of dollars, leading to currency revulsion and selling of dollars. Meanwhile everyone else is fixated on…

Here's an interesting note on quantitative easing and asset allocation from Andy Lees of UBS.  He says: The attached chart gives a simple overlay of the front month 10 year US Treasury future vs the front month S&P future. As…

by Win Thin News service is quoting China government economist saying that the central bank is seen as behind the curve and may need to hike twice more this year.  He added that an alternative would be hikes in commercial bank reserve…

Executive Summary:  We suspect the dollar’s decline against the euro is reaching its final stages.  US interest rates appear to have largely priced in some form of quantitative easing by the Federal Reserve (though headline risk…

by Win Thin We don’t think that the timing of the PBOC hike was any coincidence, as the monthly data deluge from China is scheduled for October 21.  It appears that price pressures and bank lending remain too strong for the…

by Michael Pettis The PBoC has just announced that it is hiking the one-year lending and deposit rates by 25 basis points. Here is what Bloomberg says: China raised its benchmark lending and deposit rates for the first time since 2007…

by Win Thin People’s Bank of China surprised markets with a 25 bp hike in early North American hours, taking the 1-year lending rate to 5.56% and the 1-year deposit rate to 2.5%.  This was the first official rate hike since December…