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‘Demand for Treasuries will prove short-lived’

Bloomberg JPMorgan Chase & Co strategists are betting that the surge in demand for Treasuries thanks to fears about the deadly coronavirus will prove short-lived, sticking with a call to sell longer-dated bonds. Among the Wall Street bank’s other takeaways from the latest market-outlook reports: the outbreak of the disease is a “clear negative” for emerging Asian currencies, while for ...

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Credit Suisse orders HK staff  to work from home

Bloomberg Credit Suisse Group SA has told its staff in Hong Kong not to come into the office for at least 14 days if they’ve just visited mainland China, according to a memo seen by Bloomberg News. Employees who’ve visited the mainland in the past two weeks should discuss with their division manager and HR before returning to work after ...

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Thai baht is brought back to earth after winning year in Asia

Bloomberg The Thai baht has gone from being Asia’s top-performing currency in 2019 to dead last in January. Finishing in the middle of the pack may be the best that can be expected this year as the central bank and a host of other forces line up against it. The currency’s 9% surge in the 12 months through December was ...

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