BOE announces its latest monetary policy decision – 18 March 2021
Kategorie-Archiv: Forex News
ForexLive European FX news wrap: Dollar rebounds as Treasury yields surge higher
Forex news from the European morning session – 18 March 2021
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities higher; S&P 500 futures down 0.5%
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities higher; S&P 500 futures down 0.5%
Europe’s summer reopening is at risk – Morgan Stanley
Can Europe prevent a summer of lockdowns this year?
The firm says that this puts Europe’s summer reopening at risk and that could exacerbate the North-South divide in the region and could trigger further ECB policy easing.
The firm says that this puts Europe’s summer reopening at risk and that could exacerbate the North-South divide in the region and could trigger further ECB policy easing.
10-year Treasury yields hold at 13-month highs ahead of North American trading
The steepening in the yield curve is the story in European trading today
The surge higher in Treasury yields is the key focus in European morning trade, as the selloff in the bond market continued post-Fed with 10-year yields reaching its highest levels since January last year – nearing 1.75%.
The surge higher in Treasury yields is the key focus in European morning trade, as the selloff in the bond market continued post-Fed with 10-year yields reaching its highest levels since January last year – nearing 1.75%.
WHO Europe director: The benefits of AstraZeneca vaccine outweigh any risks
Comments by WHO Europe director, Hans Kluge
The EMA provided an update on Tuesday this week , reiterating what Kluge said above that „the benefits of the AstraZeneca vaccine in preventing COVID-19, with its associated risk of hospitalisation and death, outweigh the risks of side effects“.
The EMA provided an update on Tuesday this week , reiterating what Kluge said above that „the benefits of the AstraZeneca vaccine in preventing COVID-19, with its associated risk of hospitalisation and death, outweigh the risks of side effects“.
EU unveils proposals for vaccine certificate, common path to reopening
As announced by European Commission president, Ursula von der Leyen
Essentially, this is a vaccine passport and is in some ways an organised step forward in trying to standardise things in the region moving forward. She also does note though that the virus situation in Europe is getting worse and a third wave is coming.
Essentially, this is a vaccine passport and is in some ways an organised step forward in trying to standardise things in the region moving forward. She also does note though that the virus situation in Europe is getting worse and a third wave is coming.
Treasury yields continue to climb ahead of the Fed
10-year yields rise by nearly 4 bps to 1.655%
’sell the rumour, buy the fact‘
As mentioned , there is limited scope for an extended selloff in Treasuries with the rates market already pricing in ~70% odds of a rate hike by December 2022.
’sell the rumour, buy the fact‘
As mentioned , there is limited scope for an extended selloff in Treasuries with the rates market already pricing in ~70% odds of a rate hike by December 2022.
FOMC preview: A tall order for the Fed to push back against the bond market
The Fed has a fine line to walk today but in all likelihood, it will just reaffirm the status quo in the market in the past few weeks
There are a couple of things we can expect from the Fed today but essentially, Powell & co. will want to try and maintain a more dovish stance
There are a couple of things we can expect from the Fed today but essentially, Powell & co. will want to try and maintain a more dovish stance
Japan reportedly making final preparations to end Tokyo state of emergency
NHK reports on the matter
The Tokyo state of emergency is to run until 21 March but given how the virus situation has been improving, the government is more than likely to lift that this week.
The Tokyo state of emergency is to run until 21 March but given how the virus situation has been improving, the government is more than likely to lift that this week.
Treasury yields nudge a little higher but it will all come down to the Fed today
It is going to be all about the bond market today
As much as the Fed wants to walk a tightrope and keep a more dovish tone while not sounding too controlling over recent developments in the bond market, the lack of pushback (once confirmed) is arguably going to be the key takeaway for investors.
As much as the Fed wants to walk a tightrope and keep a more dovish tone while not sounding too controlling over recent developments in the bond market, the lack of pushback (once confirmed) is arguably going to be the key takeaway for investors.