ASIA: India has asked its central bank to either buy back government bonds or conduct open market operations to cool yields that have hit their highest since 2019, as inflation risks push foreign investors to sell, a government source told Reuters on Monday. The 10-year benchmark bond ended at 93.69 rupees on Monday, yielding 7.46%,
The post Market Talk – May 10, 2022 first appeared on Armstrong Economics. source: armstrongeconomics.com/blog

ASIA: China’s consumer and producer prices rose more than expected in April, according to data from the National Bureau of Statistics released Wednesday. The consumer price index rose by 2.1% last month from a year ago, boosted by a surge in energy and fresh vegetable costs. The reading topped expectations for a 1.8% rise forecast
The post Market Talk – May 11, 2022 first appeared on Armstrong Economics. source: armstrongeconomics.com/blog