During the last two days the markets have heard from the Australian and Canadian central banks and both institutions held its rates steady. Both banks cited its strong currencies and the still-fragile state of the global economy outside of emerging Asia as the primary reasons for holding. (more…)
Tags:10-year bonds, Australia, Bernanke, Bond, Bush tax cuts, Canada, China, copper, Dollar, energy, Fed, FOMC, Germany, grains, interest rate, Jackson Hole Symposium, long interest rates, New Zealand, Obama, QE2, S&P, U.K., U.S.
Posted in Commodities, Debt Market, Equity, Federal Reserve | 2 Comments »
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