Funds Buy Australian Bonds on Signal Rate Hikes Are Nearing End
Investors are starting to snap up Australian bonds, betting that the Reserve Bank is nearing the end of its rate-hike cycle after lifting borrowing costs to a 15-year high.
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Investors are starting to snap up Australian bonds, betting that the Reserve Bank is nearing the end of its rate-hike cycle after lifting borrowing costs to a 15-year high.
Investors are sticking with short-dated bonds in Europe and the UK, in a bet that expectations for interest rate increases have gone too far.
New Zealand’s central bank warned that near-term inflation could exceed its latest estimates, adding to signs it could raise interest rates again as soon as October.
The dollar is poised for its best weekly performance in three months after the US central bank signaled more interest-rate hikes are to come.
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ECB Governing Council member Gabriel Makhlouf discusses the outlook for inflation, the economy and interest rates. “At a time of uncertainty, every meeting is a live meeting for the European Central Bank,” the Irish central-bank chief told Bloomberg Television when asked whether there is a chance of an interest-rate hike in October if circumstances require it. (Source: Bloomberg)
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Bond traders are pricing in a Federal Reserve interest-rate hike Wednesday with a level of conviction that has proven right for decades. Interest-rate swaps tied to Fed meeting dates show traders see more than a 90% chance that Fed Chairman Kevin Warsh and his colleagues will lift the benchmark policy rate by a quarter point from the current 3.5%-3.75% range. That equates to roughly 23 basis points of tightening priced in. Kitty Richards Senior Fellow at the Groundwork Collaborative joined Balance of Power saying it will be difficult for the Fed to not raise rates. (Source: Bloomberg)
Tokyo, Sept. 15 (Jiji Press)--The benchmark 10-year Japanese government bond yield, a key long-term interest rate, rose to a new 30-year high of 3.035 pct on Tuesday after U.S. long-term rates rose on surging crude oil prices. According to Japan Bond Trading Co., the yield on the newest 383rd issue of 10-year JGBs hit the highest level for a benchmark yield since September 1996. Crude oil...
Yields on the benchmark 10-year Treasury note rose to the highest level since 2007 as a rally in oil prices fueled inflation concerns and strengthened bets on a Federal Reserve interest-rate hike. Bloomberg MLIV's Ven Ram has the latest. (Source: Bloomberg)
One of California’s most prominent art institutions, the Getty, plans to issue $270 million in tax-exempt bonds this week to refinance its debt and extend the suspension of interest-rate swap payments.
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Investors looking to hedge as the equity rally stalls in the face of rising interest rates and oil prices are split between protecting against a fast selloff or a slow grind lower.
US stocks and Treasuries caught some respite as oil prices eased, with traders waiting for the August US inflation report for the clearest signal yet on whether the Federal Reserve will hike interest rates next week. After surging yields and a rally in crude set the S&P 500 on course for its worst week since June, futures for the index rebounded 0.4%. Europe’s Stoxx 600 gained 0.2%. Brent dropped toward $105 a barrel, while still on track for a nearly 10% jump since Monday. Treasury yields fell, led by the short end. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Fukui, Sept. 10 (Jiji Press)--The Bank of Japan needs to raise interest rates further to "complete the normalization of monetary policy," Kazuyuki Masu, a member of the BOJ's Policy Board, said Thursday. Underlying inflation, which excludes temporary factors, remains below 2 pct but is "very close" to the BOJ's 2 pct target, he said in a speech in the central Japan city of Fukui. Noting ...
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Economists think the European Central Bank will raise interest rates next week but not beyond that. The majority of respondents in a Bloomberg survey expect the deposit rate to be raised by a quarter-point to 2.5% on Thursday and stay there through 2027. The survey results point toward a far more dovish outcome than markets are currently betting on. Bloomberg's Jana Randow breaks down the situation. (Source: Bloomberg)