Recent Posts

China’s swap markets signal near-term easing bets fading

  Bloomberg China’s bond traders are growing less optimistic about the prospects for more monetary easing, if the derivatives markets are anything to go by. The nation’s one-year interest rate swaps, which show investor expectations of funding costs in the future, climbed for the seventh straight day on Friday in their longest rising streak since August 2019. That’s because China’s ...

Read More »

Russia signals interest rate cuts may be over

Bloomberg Russia’s central bank signalled it’s close to taking a pause from easing monetary policy after delivering the smallest interest-rate cut of the current cycle, as renewed risks of inflation prompt more caution. Governor Elvira Nabiullina said “we are close to the conclusion of the easing cycle,” with the central bank describing current monetary conditions as “overall neutral.” Policy makers ...

Read More »

Goldman faces Fed scrutiny of money-losing Marcus unit

Bloomberg Goldman Sachs Group Inc’s six-year foray into consumer banking — the unit dubbed Marcus — is the focus of a new review at the Federal Reserve. Fed officials have been looking into the Wall Street giant’s online-banking platform aimed at retail customers, according to people with knowledge of the matter. For at least several weeks, they’ve been peppering Goldman ...

Read More »
Send this to a friend