Bonds/Interest Rates

Global issues have not stopped Beijing further tightening monetary policy through another bank reserve increase.

Barclays’ quarterly survey of institutional investors shows commodities are the top pick for performance in the next three months, while inflation concerns are slowly increasing.

No further deterioration at Fukushima and attacks on Libyan forces heartened Wall Street last night and allowed a continuation of the bounce. Dow up 178.

The newsflow slowed to a trickle last night regarding the nuclear threat, so Wall Street concentrated on other matters and became more bold. Dow up 161.

PFP Wealth’s Tim Price wonders why hedge fund stars are returning money to clients, and whether James Glassman is about to be proven wrong, again?

Japanese impact aside, China’s monetary policy is now focused firmly on controlling inflation. And the big culprit is oil. Is there any relief in sight?

Everyone’s suddenly an expert, and conflicting information had Wall Street on an hour by hour rollercoaster last night. Dow down 225.

Focus has shifted, but eurozone leaders have surprised all by suddenly making progress on debt issues. A turning point?

Nuclear uncertainty led to a wide-scale exodus from commodity positions last night while the Dow opened down 300 points before finding fundamental buying. At the close it was down 137.

DBS remains positive on Asian equity markets but sees potential problems ahead in the next three months. The Australian market is a proxy.