RBA fails to defend the yield target once again

On Friday, the Reserve Bank of Australia (RBA) fails to defend the yield target for the second straight day, allowing the yields on the government’s April 2024 bond to advance as high as 0.76% vs. the central bank’s target of 0.1%.

With the RBA opting out defending the bond target fans speculation that policymakers are set to abandon the program, in the face of rising inflationary pressures.

more to come ..

Oct 29, 2021

S&P 500 Futures drop as stimulus absence, anxiety over US inflation sour sentiment

S&P 500 Futures consolidate weekly gains around record top, down 0.40% intraday near 4,570 during early Friday. The risk barometer portrays the cautio

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Oct 29, 2021

Japan’s Govt Official: October output may not expand as much as forecast amid chip shortage

A Japanese government official said on Friday, the October output may not expand as much as forecast, as worries over the chip and parts supply shorta

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