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PBOC cuts reserve ratio for fourth time

Bloomberg China’s central bank cut the amount of cash lenders must hold as reserves for the fourth time this year, as policy makers seek to shore up the economy amid a worsening trade war. The People’s Bank of China lowered the required reserve ratio for some lenders by 1 percentage point, effective from October 15, according to a statement on ...

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Italy bond turmoil far from over for HSBC

Bloomberg Things are likely to get worse for Italian bonds before they get better. That’s the message from HSBC Holdings Plc after Italy’s government decided last week to set its 2019 budget deficit target at 2.4 percent, roiling markets. That has prompted Chris Attfield, a fixed-income strategist at the bank, to revise wider his year-end forecast for the yield spread ...

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Japan yields rise to levels when BOJ began negative-rate policy

Bloomberg A global bond selloff has sent Japan’s benchmark yield to a level last seen when the central bank introduced its negative interest-rate policy in January 2016 to revive a weakening economy. The 10-year yield rose two basis points to 0.155 percent, after a rout in Treasuries that saw similar-maturity US yields jump to the highest level since 2011. The ...

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