US Treasury yields

PBOC slashes reserve ratio once more as China faces bleaker end to the year

Bloomberg

(Oct 8): China’s central bank cut the amount of cash lenders must hold as reserves for the fourth time this year, as policy makers seek to shore up the faltering domestic economy amid a worsening trade war.

The People’s Bank of China lowered the required reserve ratio for some lenders by 1 percentage point, effective from Oct 15, according to a statement on its website Sunday. The cut will release a total of 1.2 trillion yuan ($241 billion), of which 450 billion yuan is to be used to repay existing medium-term funding facilities which are maturing, the central bank said.

Rising US bond yields hit global markets, Asian stocks fragile

TOKYO (Oct 5): Asian shares were fragile on Friday after benchmark US Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3%, while Japan’s Nikkei dropped 0.5% and Australian benchmark was up just 0.1%.

Battered gold looks at risk of further thumping

Gold

SINGAPORE (Nov 30): The worst is yet to come. At least that’s the opinion of the top two gold forecasters who say bullion will suffer further losses in 2017 as interest rates climb and the dollar strengthens.

US existing home sales race to more than 9-1/2-year high

WASHINGTON (Nov 23): US home resales rose in October to their highest level in more than 9-1/2 years as homebuyers, buoyed by an improving labor market, took advantage of still-low mortgage rates to snatch up properties after many were shut out during the busy summer selling season.

The jump in sales was further evidence of a pickup in economic growth early in the fourth quarter.

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