central banks

It’s that time of year again: the annual fixed income bond kicking competition as we head into 2021, something not even Pfizer could develop a vaccine for. No doubt...

The current conditions in credit markets are bizarre. We’re still in the midst of a global pandemic and economic downturn but credit markets are partying like there’s...

The tsunami of monetary and fiscal stimulus this year is a continuation of the policies implemented when the Financial Crisis began. When these first started the few...

This year, the hits have come hard and fast, with the global pandemic wreaking economic devastation and seemingly changing life as we know it. Fear and anxiety have...

One of the ongoing debates amongst economists is whether there is a level of sovereign debt-to-GDP which would hamper a nation’s economic growth prospects. It...

The global economy is in recession. Despite this, risk assets have rallied sharply since the March crash, driven by central banks’ aggressive, unprecedented monetary...

Local market fell from the start with global investors boosting it in the middle before another slide back lower. Japanese market rolled over form slight positive to...

Local market started positive on global investor buying for the currency trade before profit taking faded the positive performance through the day. EU markets were...

Local market started negative on global investor selling on currency trade before returning to buy some back in the back half of the day as AUDUSD recovered to finish...

The local market opened solidly higher on global investors buying for currency trade then profit taking cycle dragged the market lower through the day till a mini...

Is central bank support for corporate bond markets truly unlimited? Our sense is decidedly not. Unlike government bonds, where central bank appetite and capacity is...

Much has been written about the cause of this financial crisis. At its core, it’s a public health crisis that’s resulted in a financial crisis. Similarly, a lot of ink...

Central banks and governments have injected ~US$18 trillion into the financial system since February 2020 to cauterise the bleeding in economies and markets. But...

When commentators are asked about expected central bank behaviour, they generally fall even subconsciously between two camps, what the central banks should do and what...

A sense of optimism is re-surging around the globe, as we see a glimpse of the COVID-19 ‘curve flattening’. The rate of increased cases of infection in the US and in...

By Sophia RodriguesA landmark moment in the Reserve Bank of Australia’s monetary policy went largely unnoticed last month – the use of two instruments to pursue...

Today we look at the at the credit fallout of Coronavirus. What is the nature of this financial crisis? Is it over or does it have further to run? What is the role of...

In the face of the most serious global health crisis in more than a century, fiscal and monetary policymakers around the world will very likely have to pull out all...

For a while it looked like nothing could derail the constant drive higher in asset prices as central banks worked out that with quiescent inflation they could continue...

Global equity indices have erased all their year-to-date gains, entering correction territory of 10% losses in the space of just four days. U.S. Treasury yields have...