NY Fed’s Williams Nixes 50 BP March Hike in Federal Funds Rate
– ‘No Compelling Argument’ For Big Move In the Beginning of Firming Process – Affirms Market Expectations of ‘More Normal’ Funds Rate of 2-2.5% by end 2023 – MBS Sales Should Only Be Considered ‘Down The Road’ – ‘Confident’ Fed ‘Can Manage the Soft Landing’ By Steven K. Beckner (MaceNews) – New York Federal Reserve […]
BofA Global Research Fund Manager Survey: Rate Hike Jitters, Slow Growth Concerns Turn Bulls Into Bears in February
By Vicki Schmelzer NEW YORK (MaceNews) – Rate hike jitters and slow growth concerns turned bulls into bears in February, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. At the same time, the survey stressed that “sentiment is bearish but not extreme bearish.” “Only 30% of investors expect an equity […]
BOJ Moves to Defend 10-Year JGB Yield’s 0.25% Ceiling as Bonds Sold on Fed Tightening Mode
By Max Sato (MaceNews) – The Bank of Japan sent a clear message to financial markets late on Thursday that it is not following other major central banks in shifting gears toward tightening by announcing that it is conducting an unlimited fixed-rate long bond buying operation at 0.25%, the upper limit of its guidance range. […]
BofA Global Research Fund Manager Survey: Global Investors Expect Above-Trend Growth, Inflation Peak in 2022
–Hawkish Central Bank Hikes Still Biggest ‘Tail Risk’ By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled at the start of 2022 looked for above-trend growth and an inflation peak in the coming year, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In January, a net 1% of […]
Italy Aims to Repeat Success of April’s USD 30-Year Bond Sale with Reopening Likely in Next Few Days – Sources
By Silvia Marchetti ROME (MaceNews) – Italy will be reopening a 30-year maturity USD-denominated bond by issuing additional amounts, potentially as soon as the end of this week, according to ruling government coalition sources. The goal is to replicate the success of the previous placement of a SEC-registered global bond denominated in US dollars with […]
BofA Global Research Fund Manager Survey: Growth Expectations, Inflation Concerns Stabilize in November
By Vicki Schmelzer NEW YORK (MaceNews) – Growth expectations and inflation concerns stabilized in November, to the benefit of equities and bonds, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. A net three percent of those polled this month looked for stronger world economic growth in the coming year, […]
BofA Global Research Fund Manager Survey: Prospects of Fed Taper, China Easing, Delta Variant Concerns Weigh on Growth Outlook
By Vicki Schmelzer NEW YORK (MaceNews) – Federal Reserve tapering prospects, potential People’s Bank of China easing and the fast-paced spread of the COVID-19 Delta variant weighed on the growth outlook in August, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Even though world growth expectations slipped more markedly […]
Euro Use Remained Near Historic Lows in 2020; Share of Official Reserves Falls
–ECB’S Panetta Hails Steadiness in Comparison with Sovereign Debt Crisis By Laurie Laird LONDON (MaceNews) – The euro’s share in global transactions remained at 19% in 2020, a performance hailed as an accomplishment by a senior ECB official given the low rates of return in the bloc. The share of euro transactions “has not decreased; […]
Italy Ready To Launch Long-Maturity Green Bonds – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is ready to issue its first-ever green debt to fund a maximum of EUR 35 billion in key environmental investments, according to ruling coalition sources. A global investor call is expected to take place on Monday at 3.30 p.m. CET to gauge market demand, followed by a […]
BoA GLOBAL FUND MANAGER SURVEY: INVESTORS SEE STRONGER GROWTH IN 2021 AS WORLD RECOVERS FROM VIRUS
–Investors Eye Higher Stock Prices, Steeper Yield Curve, Rising Inflation by Vicki Schmelzer NEW YORK (MaceNews) – Global investors at the start of 2021 anticipated stronger growth in the months ahead as the world recovers from COVID-19, according to the findings of BofA Global Research’s monthly fund manager survey, released Wednesday. In line with […]