Jan25

ECB Press ConferenceThe European Central Bank is set to keep borrowing costs on hold for a third meeting while stepping up efforts to convince investors that interest-rate cuts aren’t imminent. The deposit rate will be left at 4%, according to all economists polled by Bloomberg. How long it stays there, though, is an everhotter topic, with Presid...

Jan22

Buy the DipTwo major Wall Street firms are recommending investors start buying five-year US notes after they saw their worst rout since May last week. Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan is suggesting investors buy five-year notes as yields have alr...

Jan18

Caution Ahead Top Wall Street bankers are saying they expect central banks to cut interest rates more slowly than the market is anticipating. Their caution echoes that of central bankers in recent days, prompting traders to wind back aggressive bets for lower rates this year. “It doesn’t make sense,” State Street Chairman and CEO Ron O’Hanley...