For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington ----------------------------------------------------------- This Diary is filed daily. MONDAY, JUNE 25. BISHKEK - National Bank of the Kyrgyzstan holds board meetings on monetary policy rate.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington. ----------------------------------------------------------- This Diary is filed daily.
World shares rose on Friday but still registered their biggest weekly decline in three months on continuing global trade tensions, while oil prices surged after OPEC decided on only modest increases in crude production. U.S. Treasury yields were little changed as risk appetite improved a bit though investors remained cautious over a trade conflict with China.
Speculators turned bullish on the dollar for the first time since July last year, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday, as sentiment improved after the Federal Reserve forecast two more interest rate hikes this year.
The U.S. Federal Reserve may consider tweaking again a tool to control the level of excess bank reserves if a key overnight borrowing cost rises further from current levels, TD Securities strategists said on Friday.
U.S. Treasury yields were
little changed on Friday, trading in narrow ranges, as risk
appetite improved a bit with shares on Wall Street higher, but
worries over a trade conflict with China kept ...
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The question is: What might authorities do? These policy easing expectations are partly driving the yuan's slide, but investors are wondering now how far the weakness could go. A weak yuan might help offset the trade impact.
World shares climbed on Friday but were on track for their biggest weekly decline in three months due to trade war fears, though oil prices surged after OPEC decided on a modest production increase. U.S. Treasury yields edged higher, trading in narrow ranges as risk appetite improved a bit but worries over a trade conflict with China kept investors cautious.
U.S. Treasury yields edged
higher on Friday, trading in narrow ranges as risk appetite
improved a bit with shares on Wall Street higher, but worries
over a trade conflict with China kept investors ...
China's central bank said on Friday trade disputes, geopolitics and monetary policies of major economies are the key uncertainties in its economic outlook even as the global economy picks up speed.
An unexpected plunge in Canada's retail sales in April and flat inflation figures for May drove the Canadian dollar to a year-low on Friday and cut expectations for a July rate hike to 50-50 at best.
Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES $930 MILLION MULTIFAMILY K-DEAL, K-732. * EXPECTS TO ISSUE APPROXIMATELY $930 MILLION IN K-732 CERTIFICATES, WHICH ARE EXPECTED TO SETTLE ON OR ABOUT JUNE 28, 2018 Source text for Eikon: Further company coverage:
Canada's annual inflation rate stayed unchanged at 2.2 percent in May, the fourth consecutive month it has exceeded the Bank of Canada's 2.0 percent target, Statistics Canada data indicated on Friday. The rate was less than the 2.5 percent forecast by analysts in a Reuters poll.
Morocco's consumer price inflation slowed to 2.6 percent year-on-year in May, down from 2.7 percent in April, the High Planning Commission said on Friday. Food inflation stood at 3.4 percent in May, compared to 3.7 percent in April. Communication costs were flat in May, while inflation of goods and miscellaneous services stood at 6.5 percent after 6.8 percent in April, the data showed.
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. The pound rose to a six-day high on Friday after a Bank of England meeting revived expectations of a rate hike this year, but sterling's gains were checked by fears of a breakdown in Brexit talks next week.
World shares climbed on Friday but were on track for their biggest weekly decline in three months due to trade war fears, though oil prices surged after OPEC decided on a modest production increase. U.S. Treasury yields edged higher, trading in narrow ranges as risk appetite improved a bit but worries over a trade conflict with China kept investors cautious.
* May core CPI +0.7 pct yr/yr, matches forecast and April. * CPI excluding food and energy +0.3 pct y/y, slowing for 2 months. * BOJ looking into structural factors behind weak inflation. * Weak prices keep BOJ from tapering massive monetary stimulus. By Tetsushi Kajimoto.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington ----------------------------------------------------------- This Diary is filed daily. ULAANBAATAR - Central Bank of Mongolia holds Monetary Policy Committee Meeting. MONDAY, JUNE 25.
For other diaries, please see: Top Economic Events. Emerging Markets Economic Events. Government Debt Auctions. Political and General News. U.S. Federal Reserve. Today in Washington. ----------------------------------------------------------- This Diary is filed daily.
The President of the European Central Bank welcomed on Friday a deal reached by eurozone finance ministers on new debt relief for Greece and said the measures will improve the sustainability of the Greek debt "in the medium term".
Britain's top central bankers held an unusual vote during their policy deliberations this week - to decide which country is most likely to win the World Cup taking place in Russia.
The interest rates derivatives market needs to develop contingency plans in its contracts in case the London interbank offered bank rate ceases to exist, a special adviser at the Federal Reserve said on Thursday. LIBOR is a rate benchmark for $200 trillion of dollar-denominated financial products, mostly in interest rate swaps.
Vale SA: * BRAZIL'S VALE SAYS REPURCHASED $977 MILLION IN PRINCIPAL OF 5.625% BONDS DUE IN 2042. * BRAZIL'S VALE SAYS ADDITIONAL $29.2 MILLION IN AGGREGATE PRINCIPAL AMOUNT WERE REPURCHASED - FILING. * BRAZIL'S VALE SAYS BONDHOLDERS TO DELIVER SECURITIES BY 5 PM ON JUNE 25- FILING Source text for Eikon: Further company coverage:
Mexico'S peso firmed
slightly on Thursday, supported by an interest rate hike by the
central bank, while the stock market in Argentina soared after
index provider MSCI upgraded the country to ...
The 35 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.
The dollar fell from an
11-month high against a basket of major currencies on
profit-taking on Thursday, while sterling recovered from a
seven-month low as the Bank of England's top ...
Argentina posted a trade deficit of $1.3 billion in May, compared with a deficit of $576 million in the same month last year, government statistics agency Indec said on Thursday. Exports were down 6 percent from May of last year at $5.2 billion, while imports were up 6.3 percent at $6.1 billion, Indec said.
Argentina's unemployment rate was 9.1 percent in the first quarter, compared with 9.2 percent in the first quarter of 2017 and 7.2 percent in the fourth quarter of 2017, government statistics agency Indec said on Thursday.
U.S. Treasury yields fell on
Thursday on worries about a continuing U.S. trade battle with
China that prompted German carmaker Daimler AG to cut
its 2018 profit forecast, and as U.S. data fell ...
Mexico's central bank on Thursday raised its benchmark interest rate 25 basis points to 7.75 percent, in a bid to counteract the effects of a peso slump and keep a downward inflation trend on track. In a unanimous decision by its board, the bank, as expected, raised the rate to its highest level in more than nine years, following a weakening of the peso and U.S. Federal Reserve hike.
Federal National Mortgage Association : * FANNIE MAE PRICES A $535 MILLION GREEN MULTIFAMILY DUS REMIC UNDER ITS GEMS PROGRAM. * FANNIE MAE (FNMA) - PRICED ITS SIXTH MULTIFAMILY DUS REMIC IN 2018 TOTALING $535.3 MILLION UNDER ITS FANNIE MAE GUARANTEED MULTIFAMILY STRUCTURES PROGRAM Source text for Eikon: Further company coverage:
The U.S. bond market's gauges of investors' inflation outlook pared their earlier drop on Thursday following strong investor demand at a $5 billion auction of 30-year Treasury Inflation Protection Securities . At 1:30 p.m., the 10-year inflation breakeven rate, or the yield gap between 10-year TIPS and regular 10-year Treasury notes, was down 0.35 basis point at 2.12 percent, Reuters and Tradew...
The U.S. Treasury Department on Thursday awarded indirect bidders 80.78 percent of the $5 billion in 30-year Treasury Inflation Protected Securities it offered, which was the largest share ever for this group of bidders. Indirect bidders include fund managers and foreign central banks.
For details of the U.S. Treasury's auction of reopened 2-year floating rate notes next week, see: https://www.treasurydirect.gov/instit/annceresult/press/preanre/2018/A_20180621_4.pdf.
U.S. Treasury yields dropped
on Thursday, pressured by worries over a continuing U.S. trade
battle with China that triggered a cut in forecast earnings by
German carmaker Daimler, as well as U.S.
The dollar fell off an
11-month high on Thursday against a basket of major currencies
as the Philadelphia Federal Reserve's gauge of U.S. Mid-Atlantic
business activity fell to a near 1-1/2 year ...
Argentina's Treasury Ministry said on Thursday it instructed the central bank to sell $7.5 billion of the funds the country received from the International Monetary Fund through 75 daily auctions of $100 million, beginning today. The country received an initial disbursement of $15 billion on Wednesday of the total $50 billion stand-by credit.
Federal Home Loan Mortgage Corp : * FREDDIE MAC PRICES $1.0 BILLION MULTIFAMILY K-DEAL, K-F47. * FREDDIE MAC (FMCC) - APPROXIMATELY $1.0 BILLION IN K CERTIFICATES ARE EXPECTED TO SETTLE ON OR ABOUT JUNE 28, 2018. * FREDDIE MAC (FMCC) - APPROXIMATELY $1.0 BILLION IN K CERTIFICATES ARE EXPECTED TO SETTLE ON OR ABOUT JUNE 28, 2018 Source text for Eikon: Further company coverage:
* Weekly jobless claims drop 3,000. * Four-week average of claims falls 4,000. * Mid-Atlantic factory activity slows in June. By Lucia Mutikani. The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening of labor market conditions.
U.S. Treasury yields were lower on Thursday after data showed a U.S. mid-Atlantic business survey for June came in below expectations, while a weekly report on jobless claims showed mixed results. The Philadelphia Fed business conditions index fell to 19.9, compared with expectations for a 29.0 reading.
The dollar held its earlier gains on Thursday versus a basket of currencies, as another weekly drop in U.S. jobless claims was offset by a surprise fall in the Philadelphia Federal Reserve's index on U.S. Mid-Atlantic business activity.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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