Analysis: Interest Rates

Trump Treasury pick Bessent faces Senate grilling on taxes, trade, deficits

President-elect Donald Trump's pick for Treasury secretary, hedge fund manager Scott Bessent, vowed to maintain the dollar's status as the world's reserve currency as he prepared to face questions...

Indian central bank's daily liquidity infusion to aid money markets, traders say

Reserve Bank of India's plan to infuse liquidity into the banking system daily via variable rate repo auctions will lead to a drop in overnight interbank and money market rates, as well as near-end...

Indonesia central bank says rupiah's weakness under control

Indonesia's central bank said the rupiah's fall against U.S. dollar was still under control, after the currency slid to its weakest level in more than six months on Thursday following a surprise cut...

Yellen says Trump's plan for new revenue agency won't save money for taxpayers

U.S. Treasury Secretary Janet Yellen said on Wednesday U.S. President-elect Donald Trump's plan to set up a new government agency to collect tariffs would duplicate an existing agency and was unlikely...

Chinese overnight rate spikes to 16% as cash tightens ahead of holiday

Overnight borrowing costs for some Chinese financial institutions jumped as high as 16% on Wednesday, according to traders, due to tight cash supplies in the market ahead of the week-long Lunar New...

Bank Indonesia delivers surprise rate cut to support growth

Indonesia's central bank unexpectedly cut policy rates on Wednesday, resuming its monetary easing aimed at propping up growth in Southeast Asia's largest economy despite financial market volatility...

Morning bid: Inflation duo takes centre stage

A look at the day ahead in European and global markets from Stella Qiu Bond investors may have drawn some comfort from the benign miss in U.S. producer price data but a duo of CPI...

India's central bank assigns deputy M. Rajeshwar Rao to lead monetary policy department

India's central bank on Tuesday said deputy governor M. Rajeshwar Rao will handle monetary policy and economic research departments in a reorganisation of portfolios as Michael Patra's term ends. ...

Inverted swaps curve shows investors pare China rate cut bets

Investors are dialling back bets on near-term rate cuts in China, the derivatives market shows, as expectations grow that policymakers will refrain from easing policy when the yuan is weakening. ...

Rates: A lesson to ponder

Over the past few days, the yield on British 10-year bonds, commonly known as Gilt, has risen to touch the symbolic 5% threshold. Fears about the ability to meet debt repayments against a backdrop of...

India may record FY25 fiscal deficit at 4.7%-4.8% of GDP, Mint reports

India may record a fiscal deficit for the current fiscal year at 4.7%-4.8% of gross domestic product , lower than the government's estimate of 4.9%, primarily driven by lower expenditure, finance...

Hong Kong to expand yuan trade finance, Bond Connect schemes, HKMA says

Hong Kong will launch a new yuan-denominated trade finance scheme and expand the hours and scope of its Bond Connect program for mainland China investors, Eddie Yue, Chief Executive of the Hong Kong...

China has ample fiscal space to bolster growth this year

China has ample fiscal policy space and tools to support economic growth this year and it will step up spending to spur investment, Vice Finance Minister Liao Min said on Friday. More...

Strong economy, safe asset demand boosted US dominance in capital flows, White House says

The strength of the U.S. economic recovery post-COVID and a quest for safe-haven investments helped boost U.S. dominance of global financial flows, while manufacturing incentives led to a surge in...

El-Erian: Bond Vigilantes Are Back, But US Is Not Vulnerable

Mohamed El-Erian, Queens' College Cambridge president and Bloomberg Opinion columnist, explains why he sees the US as safe from bond vigilantes in relative terms and how the bond selloff gives the...

Indian lenders clamor for durable liquidity infusion from central bank

Indian lenders have asked the central bank to infuse durable liquidity into the banking system in the wake of the significant dip in a key measure of liquidity, six treasury officials said. ...

Sterling slides for a fourth day amid bond market turmoil

Sterling continued its slide on Friday, its fourth day of falls, as elevated global bond yields kept the currency under pressure. The pound was down 0.17% against the dollar at $1.2286,...

China central bank is moving faster towards its policy limits

China's central bank is expected to deploy its most aggressive monetary tactics in a decade this year as it tries to stimulate the economy and soften the blow of impending U.S. tariff hikes, but in...

Looming payrolls keep bond bears hungry

A look at the day ahead in European and global markets from Stella Qiu Most stocks in Asia are down on Friday, following the lead of Wall Street futures, ahead of the all-important...