Thursday, December 18, 2008
A massive flight to quality has left US 10-Year Treasury Bond
Yields at their lowest levels on record—further emphasizing extreme
risk aversion in global financial markets.
Banks and other financial entities unwilling to lend to one another
have desperately sought safe haven for funds, and US Government debt
has largely been the instrument of choice for many investors. Such
flows have not resulted... [read more]
Thursday, November 27, 2008
China
warned on Thursday its economic downturn was deepening and pressure
grew on the European Central Bank (ECB) to make a big cut in interest
rates to help contain the global financial crisis.In India, emerging Asia's other economic titan, financial markets were closed after Islamist militants killed more than 100 people in the commercial capital Mumbai.Violence
in India and political unrest... [read more]
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