Bonds/Interest Rates

The Reserve Bank is still in an easing bias, guns at the ready, but a renewed threat is yet to materialise.

The RBA decided to again leave the cash rate at 3% this month.

Australian employers are still reluctant to hire, but they’re not firing either, ANZ economists point out.

Inflation has likely risen slightly in June, but on a yearly basis it is to remain below RBA targets for longer, reports TD Securities.

A shock unemployment number sent Wall Street tumbling ahead of the holiday. Dow down 220.

Commonwealth Bank has updated its views on the economic outlook for 2010, seeing Australia as a solid relative performer and the Aussie dollar as a beneficiary.

Fannie Mae and Freddie Mac last night rolled out 125% loan-to-value mortgage refinancing.

Wall Street closed a strong quarter on a weak note. Dow down 80.

Weak economic data leads TD Securities to suggest the Reserve Bank of New Zealand will again cut interest rates, a move it expects will see the currency fall by 5-10%.

For the bull market to kick on next quarter, US stock market volumes will need to pick up dramatically.