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Showing 51 - 60 of 165 results for "Yield Curve"

Chief economist update: Wheels of US recession in motion

BENJAMIN ONG  |  THURSDAY, 22 AUG 2019
... towards cactus avenue. Then again, you, I and Irene don't need any more signalling from the Fed. The inverted US yield curve says so, no matter how it's justified. The inverted yield curve was dismissed as being due to "technical factors such ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... global headwinds." Financial markets can justify the one-day rebound all they want but at the end of the day, the US yield curve depicted by the differential between the yield on 10-year US Treasuries and that of the three-month bill - considered by ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... quantitative and qualitative monetary easing (QQE) first, with negative interest rates, and later expanded to "with yield curve control". The BOJ's target rate had been negative 0.1% since January 2016 and in September of the same year, the BOJ announced ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... the current global slowdown would morph into a recession. This is underscored by the deepening inversion in the US yield curve, presaging a US recession in 12-18 months' time. The yield differential between the US 10-year Treasury bond had been negative ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
"Such a feelin's comin' over me There is wonder in most everything I see..." - Karen Carpenter Not long now - just less than a percentage away (0.8% to be exact) - and the All Ordinaries index would top the all-time high of 6,853.57 points it ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
... monetary policy based on our domestic conditions and outlook, not on global circumstances. But as the inverted US yield curve forewarns, America would be in recession 12-18 months from today. This outlook explains why despite low to very low cash rates ...

Chief economist update: Expect more of the same from the BOJ

BENJAMIN ONG  |  TUESDAY, 18 JUN 2019
... similar expectations for the Bank of Japan (BOJ). With the BOJ's policy rate currently at negative 0.1% and its "yield curve control" measure keeping the yield on 10-year JGBs at "around zero percent", the Japanese central bank cannot lower rates ...

Chief economist update: Australian bull market here we come

BENJAMIN ONG  |  THURSDAY, 13 JUN 2019
... markets recent rally is that on a relative basis the domestic economy's outlook fares relatively better than the US (yield curve inversion predicts a coming recession); the low growth economies of the Eurozone and Japan and though it's at par ...

Chief economist update: BOE going the wrong way?

BENJAMIN ONG  |  TUESDAY, 11 JUN 2019
... this year have been mounting because the global slowdown is beginning to hit closer to home, with the inverted US yield curve predicting a looming recession. This has been underscored by the latest disappointing US employment report - up by 75,000 in ...

Chief economist update: The path of monetary policy according to Lowe

BENJAMIN ONG  |  WEDNESDAY, 5 JUN 2019
... impact on already slowing global growth, and the rising likelihood of a US recession (as indicated by the inverted yield curve) make this a real possibility. Governor Philip Lowe's statement after the conclusion of the RBA's June 4 board meeting ...