Thursday, June 14, 2012

90 at 9: No moves yet from banks to RBA call for lower rates; T-bond demand strong

Mortgage Rates Forecast - 90 at 9: No moves yet from banks to RBA call for lower rates; T-bond demand strong.
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How is 90 at 9: No moves yet from banks to RBA call for lower rates; T-bond demand strong

90 at 9: No moves yet from banks to RBA call for lower rates; T-bond demand strong Video Clips. Duration : 2.07 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including no signs yet that banks will cut their short term mortgage rates as requested by the Reserve Bank. Instead, market interest rates rose slightly and the only announcement has been from Raboplus that term deposit rates are rising. Meanwhile, demand for Treasury bonds at a key auction of 30 year bonds was stronger than expected, particularly from foreign central banks. Also, the World Bank has issued a grim forecast for global GDP in 2009 of a 3% fall, while the IMF is more positive and has upgraded its forecast for GDP in 2010 to a 2.4% rise.
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