Melissa Cheok
@mkcheokESG Research • Ex-journo @business • Views my own • RT ≠ endorsement
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Why are bond yield curves getting more market attention lately? The shape of the yield curve is a key metric that markets watch, as it can have an impact on a range of asset prices and has historically been a signal of the economic outlook. 1/7
As commodity currencies rise today amid gains in US stock futures, the Australian dollar is leading the way. bloomberg.com/news/articles/…
While Indonesian markets were closed for the Eid al-Fitr holiday, stocks and bonds slipped across the region in the wake of the Federal Reserve’s interest-rate increase. bloomberg.com/news/articles/…
The Aussie has dropped about 2.7% against the dollar in the past two weeks. Traders may pivot back toward the Aussie as more clarity comes on when the Reserve Bank of Australia will also start to raise rates. bloomberg.com/news/articles/…
Russia's reserves peaked at a record $643.2 billion on Feb. 18 and then declined sharply, before stabilizing in recent weeks. Sanctions have cut off access to half of reserves, according to the central bank
Russia’s central bank conceded it’s found no clear alternatives to the world’s major reserve currencies after sanctions left it in possession of only yuan and gold trib.al/Bu5mVxy
Sri Lanka will expedite talks with the IMF and wants to avoid a hard default, according to its finance ministry. The economic crisis has evolved into a political stalemate, which could potentially complicate efforts to negotiate aid
Sri Lanka suspends payments on some foreign debt and aims to restructure its obligations as it faces dwindling foreign exchange reserves trib.al/6hXqedw
Yen slides to lowest against dollar since August 2015 trib.al/E4o8t7P
Jokowi appeared to dismiss a plan floated by a senior cabinet official to extend his time in office as thousands of university students are set to protest in Jakarta bloomberg.com/news/articles/…
Hong Kong leader Carrie Lam says she won’t run for a second term, ending a momentous period that saw the financial hub become more isolated globally trib.al/jA04w9c
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