Further evidence of Brazil’s chances of securing a record sixth World Cup came from economists at Goldman Sachs today, who predicted the hosts would beat Argentina 3-1 in the final.
Showing posts with label Goldman Sachs. Show all posts
Showing posts with label Goldman Sachs. Show all posts
Thursday, May 29, 2014
Tuesday, August 9, 2011
Goldman Sachs GDP Cut Spurs Rate-Bet Delays: Mexico Credit
Mexican traders are postponing bets for interest-rate increases to August after Goldman Sachs Group Inc. and Bank of America Corp. lowered the country’s growth forecast amid concern the U.S. may relapse into recession.
Yields on futures for the 28-day interbank due in August, known as TIIE, sank 15 basis points in the past week to a record low 5.02 percent. The contracts indicate traders expect Banco de Mexico to leave its key rate unchanged at 4.5 percent until that month. They have delayed their estimates for a rate boost 14 times this year. In Brazil, traders are pricing in the possibility the central bank may lower borrowing costs by December after betting on an increase three weeks ago.
Yields on futures for the 28-day interbank due in August, known as TIIE, sank 15 basis points in the past week to a record low 5.02 percent. The contracts indicate traders expect Banco de Mexico to leave its key rate unchanged at 4.5 percent until that month. They have delayed their estimates for a rate boost 14 times this year. In Brazil, traders are pricing in the possibility the central bank may lower borrowing costs by December after betting on an increase three weeks ago.
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