BofA Global Research Fund Manager Survey: Cash Levels Edge Up as Global Investors Rethink Inflation/Interest Rate View
By Vicki Schmelzer NEW YORK (MaceNews) – Cash allocations nudged higher in March, driven by global investors rethinking their views about inflation and the outlook for lower interest rates, according to BofA Global Research’s monthly fund manager survey, released Tuesday. Average cash balances were 4.4% this month compared to 4.2% in February and 4.8% […]
Update: BOJ Conducts Its 1st Rate Hike Since 2007, Ends Yield Curve Control as Officials See Faster Wage Hikes This Year
–Update adds comments from BOJ Governor Ueda–BOJ Stops Targeting 10-Year JGB Yield After Capping it Around 1% But Continues Buying JGBs in 8-to-1 Vote By Max Sato (MaceNews) – The Bank of Japan said Tuesday its nine-member board decided in a majority vote to end its seven-year-old yield curve control framework and lift the overnight […]
BOJ Conducts Its 1st Rate Hike Since 2007, Ends Yield Curve Control in Light of Clear Signs of Faster Wake Hikes This Year
–Overnight Rate Target Raised to A Range of 0% to 0.1% from -0.1% in 7-to-2 Vote–BOJ Stops Targeting 10-Year JGB Yield After Capping it Around 1% But Continues Buying JGBs in 8-to-1 Vote By Max Sato (MaceNews) – The Bank of Japan said Tuesday its nine-member board decided in a majority vote to end its […]