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AUSTRALIAN BONDS OPEN STRONGER - MAY 1, 2007.
SYDNEY, May 1 Asia Pulse - The Australian bond market opened stronger today amid heightened expectations of an interest rate cut in the United States and a steady rate decision locally.
At 0900 AEST, the yield on the Commonwealth Government February 2017 bond was at 5.825 per cent from yesterday's close of 5.868 per cent, while the August 2010 bond yield was at 6.040 per cent from 6.060.
On the Sydney Futures Exchange, the June 10-year bond futures contract price was at 94.170 from yesterday's close of 94.125, while the three-year contract price was at 93.955 from 93.930.
Suncorp treasury strategic analyst Peter Pontikis said Australian bond yields tracked US Treasury yields lower overnight after a decline in US inflation raised expectations of an interest rate cut in the world's largest economy.
In the US, the Personal Consumption Expenditure (PCE) index's core measure of annual inflation rose 2.1 per cent in March, easing from 2.4 per cent in February.
Core inflation, which excludes food and energy, now sits just above the US Federal ...
- Govt economists see rate cut boosting growth 0.01 per cent.
- News wire article from: fnWeb.com January 22, 2007 700+ words
...Bank of Thailand's rate cut would help expand...economy by 0.01 per cent. A source at the...rate of five per cent, the central bank...interest rates. The rate cut would also boost...weakened 0.4 per cent against the US dollar since the rate cut and weakened the...
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...Jones called for a 1-cent tax rate cut Tuesday, something...rate hike, about 8 cents. County commissioners...an additional .071-cent rate cut on their police district...have called for a 3-cent tax rate cut this year, with additional...
- Thailand: Govt economists see rate cut boosting growth 0.01 per cent.
- News wire article from: Thai Press Reports January 23, 2007 700+ words
...Bank of Thailand's rate cut on Wednesday would...economy by 0.01 per cent. A source at the...rate of five per cent, the central bank...interest rates. The rate cut would also boost...weakened 0.4 per cent against the US dollar since the rate cut and weakened ...
- EPF interest rate cut by 0.5 per cent.
- News wire article from: Asia Africa Intelligence Wire May 24, 2003 700+ words
...Baleshwar Rai, felt that the rate cut was inevitable since interest...deposits have been cut by one per cent. In fact, sources hinted a further...public pressure in mind, the rate cut was only half a per cent. Another cut would come after...
- Inflation softens to 0.48 per cent, rate cut on cards.
- News wire article from: PTI - The Press Trust of India Ltd. June 4, 2009 700+ words
Inflation softens to 0.48 per cent, rate cut on cards New Delhi, June 4 (PTI) Inflation declined to 0.48 per cent for the week ended May 23, giving...wholesale price index stood at 0.61 per cent in the previous week, the rate of...
- Inflation slides to 6.38 per cent; hopes on rate cut by RBI.
- News wire article from: PTI - The Press Trust of India Ltd. January 1, 2009 700+ words
Inflation slides to 6.38 per cent; hopes on rate cut by RBI New Delhi, Jan 1 (PTI...to a 10-month low of 6.38 per cent, raising hopes of the RBI further...the earlier level of 6.61 per cent. Besides, the inflation data also...
- Dollar soars above US78 cents on expected rate cut.
- News wire article from: The America's Intelligence Wire January 6, 2004 700+ words
...The market is seeing a rate cut as a reaction to a stronger...currency rose US0.37 cents to US77.99 cents yesterday...rate changes, rose 7 cents to $100.07, yielding...10-year bond fell 9 cents to $103.47, yielding...on worries that a rate cut could spark inflation...
- China: Stocks open six per cent up after 'big' interest rate cut - Xinhua.
- Newspaper article from: BBC Monitoring International Reports November 27, 2008 700+ words
...unusually big interest rate cut of 1.08 percentage points...points, or 6.05 per cent, to 2012.69 at the...deposit rate to 2.52 per cent from 3.60 per cent. The monetary easing...was the fourth interest rate cut since mid-September...
- Alpha Bank announces 0.5 per cent rate cut.
- News wire article from: Europe Intelligence Wire December 6, 2002 700+ words
...Athens News Agency) Private-sector Alpha Bank on Friday announced an interest-rate cut of 0.5 per cent cut for deposits as of December 9, following a rate cut by the European Central Bank It also announced a cut in interest for Alpha Bank...
- Praise for one per cent interest rate cut.
- News wire article from: Europe Intelligence Wire December 5, 2008 700+ words
...slash interest rates by another one per cent has been welcomed in the city. The cut takes the rate to two per cent, the lowest since 1951, and comes amid...Gloucester said they would be passing on the rate cut to small business and mortgage customers...
Source: HighBeam Research, AUSTRALIAN BONDS OPEN STRONGER - MAY 1, 2007.