默默20181234

引子 近期，大家对长债的利率水平有一些争议，央行也再次发表文章，表达了它对长债利率的一些看法，其中最核心的观点是： 长期国债收益率主要反映长期经济增长和通胀的预期，但同时也会受到供求关系等其他因素的扰动。 市场人士对这些看法也有一些评论。 那么，最要紧的问题来了，央行如何影响十年国债利率呢？对于这个问题，有两个烂大街的错误： 1、央行通过影响资金利率成本的方式来影响十年国债利率； 2、央行通过影响基础货币投放的方式来影响十年国债利率； 这两个解释的内核有很大的问题，它是一种“点对点”的解释方案，然而，央行和十年国债利率之间的关系隐含在一种“动态的三角关系”之中。 也就是说，从底层拓扑结构上来讲

The US Dollar pops up on the back of Fed rate pause. Traders buy the Greenback after Powell pushes back on March rate cut. The US Dollar Index has 104 in reach if it is able to advance this Thursday. The US Dollar (USD) pops higher on the back of the first rate decision from the US F

The Japanese Yen (JPY) has lost considerable ground against the US Dollar (USD) since the beginning of the year. Economists at Commerzbank analyze USD/JPY outlook. Scepticism about Japanese monetary policy has weighed on the Yen USD/JPY has staged a move higher this month. Even if the stronger Dolla

Share: Bank of England (BoE) Deputy Governor Ramsden made some comments on the UK wage inflation during his appearance on Friday. Key quotes Other wage data suggest wage growth probably peaked at 7.0% rather than 8.0% in official series Either way, recent wage growth not consistent with 2.0% inflati

Share: Australian Dollar continues to move on a downward trajectory. Australia’s central bank stated that inflation is more persistent. Fed Chair Powell expressed concern that the policy measures in place may not be restrictive enough. The Australian Dollar (AUD) embraces its losing streak that comm

Pasangan mata uang EUR/USD menurun tajam dan signifikan pada hari Selasa. Kami menyebutkan di artikel kami sebelumnya bahwa mata uang euro mengalami kenaikan yang tidak dapat dibenarkan pada hari Senin, namun kenaikan ini logis dalam kerangka teknis, karena koreksinya sangat lemah pada saat itu. Kem

Dolar AS telah menguat sekitar 2% sejak pertemuan FOMC terakhir pada bulan September. Ekonom di ING menunda seruan mereka untuk melakukan aksi jual Dolar tahun ini. Strong Dollar tetap menjadi satu-satunya permainan di kota ini Meskipun bulan November dan Desember meru