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Re: Monday, January 21, 2008. Market Update.
Fund manager PIMCO asks Fed to cut interest rates 10:33pm EST
PHILADELPHIA, Jan 21 (Reuters) - Bond fund PIMCO on Monday called on the Federal Reserve to cut interest rates immediately as fears of a U.S. recession weighed on stocks worldwide.
TREASURIES-Rally in Asia, 10-yr yield hits 4-1/2-yr low 10:22pm EST
TOKYO, Jan 22 (Reuters) - U.S. Treasuries shot up on Tuesday, pushing the benchmark 10-year yield to a 4-1/2-year low after a dramatic sell-off in stock markets around the world carried over into Asia on escalating fears that the U.S. economy is heading for a recession.
Soros: world faces worst finance crisis since WW2 7:39pm ESTVIENNA, Jan 22 (Reuters) - Billionaire investor George Soros said the world was facing the worst financial crisis since World War Two and the United States was threatened with recession, according to an interview with the Austrian daily Standard.
Japan money market shows 60 pct chance of BOJ cut 7:28pm ESTTOKYO, Jan 22 (Reuters) - Japanese money markets are pricing in a nearly 60 percent chance of the Bank of Japan cutting interest rates from the current 0.5 percent by the end of the year, jumping from about 35 percent on Tuesday from the previous day in the stock market sell-off. Swap contracts on the overnight call rate show a 50 percent chance of a quarter-point rate cut in September and a 58 percent chance of such a move in December, according to data from interdealer broker Meitan Tradition
Fund manager PIMCO asks Fed to cut interest rates 10:33pm EST
PHILADELPHIA, Jan 21 (Reuters) - Bond fund PIMCO on Monday called on the Federal Reserve to cut interest rates immediately as fears of a U.S. recession weighed on stocks worldwide.
TREASURIES-Rally in Asia, 10-yr yield hits 4-1/2-yr low 10:22pm EST
TOKYO, Jan 22 (Reuters) - U.S. Treasuries shot up on Tuesday, pushing the benchmark 10-year yield to a 4-1/2-year low after a dramatic sell-off in stock markets around the world carried over into Asia on escalating fears that the U.S. economy is heading for a recession.
Soros: world faces worst finance crisis since WW2 7:39pm ESTVIENNA, Jan 22 (Reuters) - Billionaire investor George Soros said the world was facing the worst financial crisis since World War Two and the United States was threatened with recession, according to an interview with the Austrian daily Standard.
Japan money market shows 60 pct chance of BOJ cut 7:28pm ESTTOKYO, Jan 22 (Reuters) - Japanese money markets are pricing in a nearly 60 percent chance of the Bank of Japan cutting interest rates from the current 0.5 percent by the end of the year, jumping from about 35 percent on Tuesday from the previous day in the stock market sell-off. Swap contracts on the overnight call rate show a 50 percent chance of a quarter-point rate cut in September and a 58 percent chance of such a move in December, according to data from interdealer broker Meitan Tradition
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