- EWJBarrons.com•33 minutes ago
The Bank of Japan last week said instead of focusing on the monetary base, its new policy framework would be on the Japanese government bond yield curve, with -0.10% at the short-end and "around zero percent" at the 10-year yield. BoJ seems to have recognized the detrimental impact of flatter yield curves on Japanese banks and the economy, and implied it wanted a steeper curve. The Japanese government bond yield curves became very flat in early July but have been steepening since, thereby propelling a rally in Japanese banks.
- EWJCNBC•39 minutes ago
Asia markets traded lower on Monday, with sentiment this week likely to be dominated by the first U.S. presidential debate and informal OPEC meeting.
- SPYForbes•4 hours ago
Yesterday we parsed the Fed's message from this week and concluded a strategy pivot has indeed taken place. If we block out all of the chatter from those Fed members not named Yellen, since March, it’s been a 180. Instead of promoting optimism about the future and telegraphing rate hikes to