Prime interest rate at 5 of Canada’s biggest banks to rise to 2.95% on Thursday. Source: CBC News Canada’s five biggest financial institutions increased their prime interest rates on Wednesday, shortly after the Bank of Canada increased its key interest rate for the first time in seven years. The Royal Bank of Canada was the first…
A new partnership between UK Export Finance and Britain’s biggest lenders including Barclays, HSBC and Royal Bank of Scotland aims to increase exports post-Brexit. Source: Financial Times The UK government has struck a deal with Britain’s biggest high street banks to extend millions of pounds of lending to small businesses as part of broader plans to boost…
Speculation about an interest rate hike comes amid a flurry of strong economic news this year. The Bank of Canada is expected to announce a rate call on Wednesday July 12. Source: Investment Executive The Bank of Canada (BoC) is expected to raise its key interest rate target for the first time in almost seven years on Wednesday…
A long-awaited plan enabling foreign investors to buy and sell Chinese bonds has been launched. Source: BBC News The Bond Connect programme is Beijing’s latest attempt to open up its financial markets and attract foreign capital. China’s $9 trillion bond market is the third-largest in the world, but only 2% of Chinese bonds are foreign-owned. The…
The Federal Reserve has indicated there is a strong chance they will announce a decision to start shrinking the central bank’s portfolio of bonds and other assets. Source: Fox Business Federal Reserve officials have indicated there is a strong chance they will announce in September a decision to start shrinking the central bank’s portfolio of bonds…
A flattening bond yield curve suggests the rate hikes are likely to hurt growth and cool the economy, says ETF Adviser Larry Berman. Source: The Globe and Mail The shape of the yield curve tells us a lot about investor expectations about the future. As of Sunday night, the odds the U.S. Federal Reserve raises the…
The green-bond market has boomed over the past few years, and now the industry is finally starting to track the environmental effects of projects funded by them. Source: Wealth Professional The green-bond market has boomed on the allure of investments that help the environment. Now, the industry is trying to show that the reality matches…
Economist Ted Carmichael analyzes the accuracy of the Bank of Canada’s inflation projections over the past few years, providing insight on the implications and conclusions. Source: Ted Carmichael Global Macro The Bank of Canada is an inflation-targeting central bank. It sets monetary policy with an objective of returning the inflation rate to the 2% target within…
A year after Argentina’s latest default, Finance Minister Luis Caputo announced a new issue of 100-year bonds in U.S. dollars for the the South American country. $2.75 billion was sold after $9.75 billion worth of orders was received. Source: CNBC Argentina sold $2.75 billion of a hotly demanded 100-year bond in U.S. dollars on Monday, just…
With trading volumes for US corporate bonds up
