Browsing: Armstrong
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
ASIA: India’s central bank raised its main lending rate off record lows in a surprise move on Wednesday to contain rising inflation, shocking markets and pushing the benchmark 10-year bond yield to its highest levels in three years. The Reserve Bank of India raised the repo rate – the rate at which it lends to
The post Market Talk – May 5, 2022 first appeared on Armstrong Economics. source: armstrongeconomics.com/blog
ASIA: China’s central bank on Wednesday pledged monetary policy support to ensure ample liquidity, help businesses badly hit by the latest COVID-19 outbreak in the country and support a recovery in consumption. Financing institutions should aim to meet the needs of the real economy, the PBOC said, such as boosting financing for small firms with
The post Market Talk – May 4, 2022 first appeared on Armstrong Economics.
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