Chinese Issuers Dominate a Slow May
Chinese issuers were even more dominant than usual as a percentage of overall APAC US$ primary volume, placing US$15.528bn of combined offshore bonds which equated to 78.5% of the total amount issued during the month.
The GBP Week – Bias is Bearish
Markets have obviously not been listening too closely to the MPC's chief economist Haldane. He argued late Friday the time is nearing for a hike. So much for following other G10 CBs with a dovish turn, Haldane says an early rate rise would provide insurance amid likely steady 1.5% 2019 growth and a 1.5% rise in real wages when Brexit uncertainty ends.
USD/RUB Could Take Out 66 on Brent Trigger Below USD60/brl
The escalation in trade wars over the past two weeks has sent oil prices tumbling, as markets begin to price in a protracted and entrenched dispute between the US and China.
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