The Day Today

"The Day Today" - 18 June 2014

It’s the Fed meeting tonight but they don’t even make it onto BBRG’s TOP NEWS page. Reminiscent of the lack of expectation ahead of Carney’s Mansion House speech?? Either way, the focus will be on those “dots”…

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"The Day Today" - 17 June 2014

* And so, the last shoe to drop, with the BOE’s resident dove, David Miles, throwing in the towel and saying he’ll vote for a rate rise before his term ends next May. …

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"The Day Today" - 13 June 2014

 

* Carney carnage in the short stg market this morning as he says in his Mansion House speech that rate rises “could happen sooner than markets currently expect”.

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"The Day Today" - 12 June 2014

* New Zealand hike rates 25bp to 3.25% as expected but the focus on inflation risks surprised the market and took rates higher across the curve. The NZD rallied 1.5% while vols got smashed with the 1mth down to 1997 lows = poor liquidity and market repositioning.

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