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Central banks at full throttle buying bonds to tame markets

Bloomberg Central banks started the new week right where they left off on Friday — massively buying government debt to provide liquidity. Bond yields tumbled in Australia and New Zealand. The Reserve Bank of Australia and the Bank of Japan offered to buy the equivalent of almost $10 billion in debt on Monday. While credit markets globally are seeing the ...

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SNB steps up currency interventions

Bloomberg The Swiss National Bank (SNB) is stepping up currency interventions to stem the franc’s advance, choosing that measure over an interest-rate cut to combat the economic fallout from the coronavirus outbreak. It said the virus poses “exceptionally large challenges” and that the currency is “even more highly valued.” That change to its wording on the franc is a warning ...

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Amazon focus on essentials sows panic among merchants

Bloomberg Amazon.com Inc’s delivery delays of non-essential goods will extend for at least another month for many customers in the US and Europe, stirring panic among online merchants who rely on the web retailer for business. The lengthening delivery times come on top of confusion over how the company identifies essential products, a task that appears to be performed by ...

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