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JGB Yields Mostly Drop in League With U.S. Treasury Notes

Yields on Japanese government bonds (JGB) largely went down on Wednesday, following overnight movements in yields of U.S. Treasuries bonds due to hopes that governments and central banks would take appropriate incentive measures to reboot economies impacted by the global spread of Covid-19. Ten-year JGB futures gauge added 0.23 point to reach 154.62, with volume […]

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Dollar Resumes Slumping Against Safe Haven Currencies

The greenback resumed decreasing to a safe haven currencies, such as Japanese yen and the Swiss franc on Wednesday amid investors’ concerns over how supportive measures by governments and central banks could mitigate the effects of coronavirus. Photo: Pixabay The U.S. currency followed the trend of U.S. stock and bond futures, as the […]

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Asian Stocks Slide, as U.S. Aid Effectiveness in Doubt

Asian shares resumed falling on Wednesday amid growing skepticism over Washington’s stimulus package to ease the coronavirus outbreak impact. Photo: Flickr Markets were trying to recover from a worldwide selloff, which followed on Monday, after the double shock of falling oil rates and owing to the deterioration of the infection spread situation. […]

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Wall Street Goes Down on Lack of Incentives Details

U.S. shares declined sharply on Wednesday after a temporary attempt to rebound in the prior session, on the back of skepticism over the U.S. leader incentive measures plan to fight the coronavirus outbreak. Photo: Flickr The S&P 500 index eased by 17.6 percent after its all-time high level, reached on February 19. If […]

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BoE Slashes Rate by 50 bp to Fight Viral Impact

The BoE unexpectedly lowered its key rate on Wednesday to shield the Britain’s economy amid disruptions caused by the coronavirus outbreak. Photo: Reuters Regulator’s Monetary Policy Committee voted to slash the key borrowing cost for the first time since August 2016, by 50 bps, from the 0.75 percent to 0.25 percent, according to […]

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Dollar Builds Up, Yen Slides; WaitAndSee Mode at Work

The world overestimates the risks and the currency markets show wait-and-see-approach, leading to a growth in the U.S. dollar value against the major currencies, and the yen is becoming cheaper due to expectations of stimulus measures by governments. The yield on 10-year U.S. Treasury increased by 15 bp to 0.695 percent after tumbling 22 bp […]