Tag Archives: ECB

FI Eye-Opener: In QE we trust

Core bond yields edged further down yesterday. The German 10-year yield descended by 1bp to 0.74%,

Hungary’s NBH yesterday left rates unchanged at 2.10% and said in the following press conference that

G10 FX rates are essentially unchanged. EURUSD is at 1.2474, USDJPY is at 117.82, and

Record-low yield levels were reached again yesterday on Euro-area government bond markets.

NZD led declines in G10 FX, down 0.5% to 0.781. AUDUSD resumed its downtrend to 0.858.

German bond yields headed higher for a change yesterday, while the curve steepened a bit.

AUD rebounded to 0.87 this morning, but still below its Friday high post PBoC’s rates cut.

Bonds and equities rallied on both sides of the Atlantic on Friday, as Draghi emphasized the need to

USDJPY extended its move lower to 117.50 on the back of Aso’s comments.

Two pieces of bad news came from the Euro area yesterday: Flash PMIs and consumer confidence unexpectedly fell in November.

USDJPY continued to march higher to 118.45 in Asia trading.

In China, the flash manufacturing PMI fell to a six-month low of 50.0 in November (from 50.4).