Rate and FX
India Says Geithner, Mukherjee Discussed Proposed Tax Changes
India Says Geithner, Mukherjee Discussed Proposed Tax Changes ******************************************************************************** BN 04/20 01:45 *MUKHERJEE SAYS LAWS CLEAR THAT COS MAKING CAPITAL GAINS TAXABLE BN 04/20 01:44 *MUKHERJEE SAYS TAX PROPOSALS RAISED ARE CLARIFICATORY IN NATURE BN 04/20 01:43 *INDIA FINANCE MINISTER MUKHERJEE COMMENTS IN STATEMENT BN 04/20 01:43 *MUKHERJEE SAYS US’ GEITHNER RAISED BUDGET TAX PROPOSALS [...]
Pound Climbs to 5-Month High Versus Dollar as Retail Sales Surge
Pound Climbs to 5-Month High Versus Dollar as Retail Sales Surge The pound rose to the highest level versus the dollar since Nov. 9, headed for its biggest weekly gain since January, after U.K. retail sales rose at the fastest pace in more than a year, beating economist estimates. The yield on U.K. 10-year gilts [...]
EUROPE FX: Euro Falls as Peripheral Concerns Outweigh U.S. Jobs
EUROPE FX: Euro Falls as Peripheral Concerns Outweigh U.S. Jobs Euro is weaker vs dollar as concerns over peripherals, esp. Spain, outweigh weaker-than-est. U.S. NFP last Friday; yen is stronger vs. most G-10 currencies after BOJ failed to signal further policy easing ahead. * EUR/USD -0.2% to $1.3084; still below upward trendline from mid-January that [...]
RATES: Sell Peripheral, Buy Bunds on ’Lower for Longer’: RBS
RATES: Sell Peripheral, Buy Bunds on ’Lower for Longer’: RBS No reason not to be long of “lower for longer” trades, especially when periphery worsens, RBS note says. * Recommend to sell peripheral bonds, esp Spain, and buy bunds to be long on “lower for longer” trades * Key call is a duration one: stay [...]
RATES: Buy 2-Yr Italy vs Spain on Spanish Concerns: Deutsche
RATES: Buy 2-Yr Italy vs Spain on Spanish Concerns: Deutsche Concerns about Spain have increased on 3 fronts: country’s ability to deliver on 5.3% deficit target for 2012, the size and source of funds for bank recap and concerns of deficit slippage from regional finances, note from Deutsche Bank says. * Recommend buying 2-yr Italy [...]
RATES: Persistent Warning Signs Europe Worse Than U.S.: Citi
RATES: Persistent Warning Signs Europe Worse Than U.S.: Citi Signs across all asset classes continue to show that Europe is in a much weaker and worsening situation than the U.S., Tom Fitzpatrick, chief technical analyst at Citigroup, writes in note. * Yields are moving lower in Germany: * 10-yr yields are making lower lows for [...]
SNB Says Policy Intact After ‘Anomalies’ Caused Cap Breach
SNB Says Policy Intact After ‘Anomalies’ Caused Cap Breach Swiss central bank interim chief Thomas Jordan said the bank will continue to enforce the limit of 1.20 francs per euro after temporary breaches of the ceiling raised doubts about its willingness to defend it. “The Swiss National Bank is enforcing the minimum exchange rate with [...]
Spanish Bonds Decline Even as Rajoy Unveils More Budget Cuts
Spanish Bonds Decline Even as Rajoy Unveils More Budget Cuts Spain’s efforts to calm investors with an additional 10 billion euros ($13 billion) of budget cuts in education and health failed to stem concerns the nation may be the fourth euro member to need a bailout. The yield on Spain’s 10-year benchmark bond surged almost [...]
Top Forecasters See Euro Weakness on Spain Budget Miss
Top Forecasters See Euro Weakness on Spain Budget Miss The most-accurate foreign-exchange forecasters say the euro will slide as austerity-driven spending cuts from Spain to Italy reignite debt turmoil and drag the region into recession. Nick Bennenbroek, head of currency strategy at Wells Fargo & Co., who topped the list for the fourth time out [...]
RATES: Some Asia Curves to Flatten on U.S. Payroll Data
RATES: Some Asia Curves to Flatten on U.S. Payroll Data Australia data expected to show weak lending growth and slight increase in unemployment rate, Barclays Capital strategists Rohit Arora, Ju Wang and Kumar Rachapudi write in note. * For Korea, 5-yr treasury bond auction today seen strong on disappointing growth in U.S. nonfarm payrolls and [...]
