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Feb 20, 2014
via Global Investing

Will Lithuania fly like a hawk or a dove at the ECB?

No one will really know how Lithuania will impact European Central Bank monetary policy until the country gets a seat at the table. That is expected to happen in 2015, provided the last of the three Baltic nations meets the criteria to become the euro zone’s 19th member. We’ll all find out in early June.

The ECB’s monetary policy remains at its loosest (main refinancing rate is just 0.25 pct) since the bank assumed central banking responsibilities for the euro area 15 years ago. My Frankfurt-based colleague, Eva Taylor, explained earlier this month that the addition of Lithuania will change the voting patterns of the ECB, curbing smaller members’ perceived influence and giving more weight to the center.

Feb 20, 2014
Feb 20, 2014
Feb 19, 2014
Feb 18, 2014

Analysis – Venezuelan bond drop shows investor resolve cracked, not broken

NEW YORK (Reuters) – Venezuela’s oil reserves, the world’s largest, are giving debt investors comfort they will be repaid, even as anti-government protests send bond prices to levels akin to a nation in default.

The sell-off in Venezuelan credit has pushed the yields on some of the OPEC nation’s debt above 20 percent and raised the cost to insure a portfolio of bonds against default to its highest levels in nearly five years.

Feb 18, 2014

Venezuelan bond drop shows investor resolve cracked, not broken

NEW YORK (Reuters) – Venezuela’s oil reserves, the world’s largest, are giving debt investors comfort they will be repaid, even as anti-government protests send bond prices to levels akin to a nation in default.

The sell-off in Venezuelan credit has pushed the yields on some of the OPEC nation’s debt above 20 percent and raised the cost to insure a portfolio of bonds against default to its highest levels in nearly five years.

Feb 18, 2014

Yields dip after weak NY manufacturing data

NEW YORK, Feb 18 (Reuters) – U.S. Treasury yields held in
tight ranges on Tuesday, hemmed in as a weaker-than-expected
regional manufacturing report and the biggest ever one-month
decline in homebuilder confidence nibbled away at confidence in
the strength of the U.S. economic recovery.

The benchmark 10-year U.S. Treasury price
gyrated after the New York Federal Reserve’s Empire State
general business conditions index slowed in February, although a
forward-looking component of the index appeared to be more
optimistic.

Feb 14, 2014
Feb 14, 2014
Feb 13, 2014
    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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