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Tuesday, 29-Jul-2014 16:35 Email | Share | Bookmark
Goldman Fund Manager Sees Aussie Yield Grab: Australia Credit -












The debt will partly disconnect from U.S. Treasuries as the Reserve Bank of Australia moves closer to cutting its record-low benchmark rate while the Federal Reserve approaches its first increase since 2006, Moffitt said. Rapid Readjustment Goldman Sachs AM invests or advises on assets worth more than $900 billion, according to its website. Traders this month moved to price no change in the RBAs cash rate over 12 months after predicting about go!! a quarter-percentage-point increase in April, according to a Credit Suisse Group AG index . There is a 49 percent chance that the fed funds rate will be raised to at least 0.5 percent by June, according to futures pricing. The median forecast of 32 economists surveyed by Bloomberg News this month is for the RBA to review leave its benchmark main page unchanged for the rest of this year. The central bank will be pushed to lower rates as the domestic non-mining economy sputters, weighed down by a strong currency, and inflation remains subdued, Moffitt said. <br>More: http://www.bloomberg.com/news/2014-07-29/goldman-fund-manager-sees-aussie-yield-grab-australia-credit.html



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