YTE Blog

After intense negotiations at the recent World Economic Forum in Davos, Switzerland, a deal with Greek bondholders seems imminent. In October 2011, the bondholders agreed to take a 50% cut in the face value of their bonds, worth more than 200 billion Euros. In simple terms, this means that bondhold...

Last week, 2 major central banks slashed their interest rates by 25 basis points each. The Reserve Bank of Australia was the first to act, cutting rates from 4.75% to 4.5%. This was followed 2 days later by new ECB chief, Mario Draghi, who surprised everyone by cutting rates from 1.5% to 1.25%. Ra...

75.57 was the magic number for the Bank of Japan to step in. After weaks of jaw-boning the markets, the authorities finally intervened to weaken the currency for the third time this year. Finance Minister Jun Azumi told reporters yesterday, “I have said many times, if forex moves do not reflect the...