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Yesterday's trading: Rate cut rumour gives a lift
5 Feb 2009 source: thisismoney.co.uk

Geoff Foster, Daily Mail5 February 2009, 8:17am Sky-high expectations that Mervyn King and his chums at the Bank of England will today sanction a further half a percentage point cut in interest rates to an all-time low of just 1% left the Footsie in fine fettle. Rumour: Traders were confident rate would fall WANT TO KNOW MORE? Stock market report: Thuersday preview Newspaper and magazine share tips OTHER STORIES Stock market report: Thuersday preview Stock market  ...


UPDATE 2-BOJ's Mizuno: must be prepared to act promptly
5 Feb 2009 source: iii.co.uk

By Hideyuki Sano GIFU, Japan, Feb 5 (Reuters) - Bank of Japan Policy Board member Atsushi Mizuno said on Thursday the central bank should be ready to act swiftly and implement what may be seen as abnormal policy steps as the already-fragile economy appears to be making a hard landing. The BOJ has taken various unconventional steps to support the economy, which has taken a beating as globa ...


Homeowners to miss out on rate cut
5 Feb 2009 source: thisismoney.co.uk

Daily Mail5 February 2009 Vote | Data Most homeowners will not save a penny on their mortgage if the Bank of England reduces the base rate again today because many lenders are refusing to pass on the cuts. No shelter: Lenders are not passing rate cuts to majority of homeowners WANT TO KNOW MORE? Interest rates: News and predictions Make overpayments as mortgage rates fall POLL: How low do you think rates will go? OTHER STORIES Make overpayments as mortgage rates f ...


UPDATE 1-BOJ's Mizuno: must be prepared to act promptly
5 Feb 2009 source: iii.co.uk

By Hideyuki Sano GIFU, Japan, Feb 5 (Reuters) - Bank of Japan Policy Board member Atsushi Mizuno said on Thursday the central bank should be ready to swiftly implement what may be seen as abnormal policy steps as the already-fragile economy appears to be making a hard landing. Japan, the United States and the euro zone are all in recession and seem to be facing a protracted downturn due t ...


U.S. junk bond defaults rise to nearly 5 pct -S&P
4 Feb 2009 source: iii.co.uk

NEW YORK, Feb 4 (Reuters) - The U.S. junk bond default rate rose to 4.96 percent in January, topping its long-term average for the first time in more than four years as the deepening recession took a toll, Standard & Poor's said on Wednesday. The default rate is up from 3.96 percent in December. It is expected to more than triple to 13.9 percent by year-end "based on a substantial ...


TREASURIES-Bonds fall as less dire data, refunding weigh
4 Feb 2009 source: iii.co.uk

By Richard Leong NEW YORK, Feb 4 (Reuters) - U.S. Treasury debt prices fell on Wednesday, as less dire economic data and the government's hefty debt sale schedule curbed investor's appetite for bonds, sending benchmark yields to fresh two-month highs. Bargain-hunting and a pullback on Wall Street from its initial highs mitigated a steeper sell-off in stocks, traders and analysts said.  ...


TREASURIES-Bonds fall as less dire data, refunding weigh
4 Feb 2009 source: iii.co.uk

By Richard Leong NEW YORK, Feb 4 (Reuters) - U.S. Treasury debt prices fell on Wednesday, as less dire economic data and the government's hefty debt sale schedule curbed investor's appetite for bonds, sending benchmark yields to fresh two-month highs. Bargain-hunting and a pullback on Wall Street from its initial highs mitigated a steeper sell-off in stocks, traders and analysts said. Wednesday ...


WRAPUP 2-U.S. companies bleed jobs, service slump slows
4 Feb 2009 source: iii.co.uk

By Burton Frierson NEW YORK, Feb 4 (Reuters) - The U.S. economy is hemorrhaging jobs and may not stop bleeding for at least another year, even if the government acts quickly to stimulate the economy, according to reports released on Wednesday. The U.S. private sector cut more than half a million jobs in January, ADP Employer Services said, and other data showed planned layoffs at U.S. fir ...


WRAPUP 1-U.S. companies bleed jobs, service slump slows
4 Feb 2009 source: iii.co.uk

By Burton Frierson NEW YORK, Feb 4 (Reuters) - The U.S. economy is hemorrhaging jobs and may not stop bleeding for at least another year even if the government acts quickly to stimulate the economy, according to reports released on Wednesday. The U.S. private sector cut more than half a million jobs in January, ADP Employer Services said, and other data showed planned layoffs at U.S. firm ...


UK mortgage derivatives tighten on bad bank plan
4 Feb 2009 source: iii.co.uk

LONDON, Feb 4 (Reuters) - Credit derivatives on prime UK residential mortgage-backed securities (RMBS) tightened by around 30 basis points on Wednesday, a trader said, on the news that Britain could create a bad bank to ring-fence toxic assets. Finance Minister Alistair Darling said late on Tuesday that the formation of a bad bank to hold asset-backed securities and other assets was among  ...

 

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