Not exact matches
That's important because the ECB's liquidity is one of the biggest remaining supporting factors behind the global stock market
rally, now that the Federal Reserve has
ended its own «quantitative easing» program and has started to raise official U.S. interest
rates.
«While common wisdom has it that higher volatility necessarily signals a discrete
end to the [bull market], it is often the case that higher vol is a natural occurrence in the «late innings» of extended
rallies, particularly when the Fed is raising
rates, as was the case in late 1999 - 2000,» he wrote.
Therefore we expect the decline in interest
rate futures, specifically the 10 - year Treasury Notes and 30 - year Treasury Bonds to be a temporary effect of speculative exuberance, and for interest
rate futures to
rally through the
end of the month as the heavily short speculators are forced out of their positions.
But as I write in my new Market Perspectives paper, «No Exit,» I'm skeptical that an initial
rate hike will herald the
end of the
rally, though history does suggest that it could result in a modest correction.
Bank of Nova Scotia Chief Foreign - Exchange Strategist Shaun Osborne says the Canadian dollar is poised to
rally to C$ 1.20 versus its U.S. counterpart by year -
end, from C$ 1.2683 at 12:35 p.m. Tokyo time Wednesday, as traders who've been reducing expectations for a third BOC interest -
rate hike in 2017 begin to price one back in.
Financial markets largely shrugged off brief bouts of volatility following the statement's release, and interest
rates market proceeded to
rally thanks to the month -
end flows.
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End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectible?
Rates subsequently bear steepened as long - end led the weakness, but renewed decline in risk sentiment managed to create a soft ceiling for bond yields, and the rates market rallied into the c
Rates subsequently bear steepened as long -
end led the weakness, but renewed decline in risk sentiment managed to create a soft ceiling for bond yields, and the
rates market rallied into the c
rates market
rallied into the close.
The likely reason that historic
rally ended was the radical move by then FED Boss Paul Volcker to pump interest
rates into the double digits, but today, that kind of move probably isn't possible.
But as I write in my new Market Perspectives paper, «No Exit,» I'm skeptical that an initial
rate hike will herald the
end of the
rally, though history does suggest that it could result in a modest correction.
The Fed will make its next announcement on interest
rates and provide some clarity on the
end of quantitative easing, the stimulus program of massive bond buying that kept long - term
rates low and encouraged a
rally on stock markets.
The markets and the pundits are calling for an upturn in interest
rates and announcing the
end of the Great Bond
Rally.
Before the financial year
ended, a confluence of factors led the Federal Reserve to hike the federal funds target
rate twice more; once in its December meeting and again in the March meeting, causing the US dollar to
rally into the new year.