Obbligazioni valute high yield TURCHIA bond in usd e lira turca

venerdì

Ci ha dato un po' di respiro...sempre incastrato sulla bei try 9.25 del 18 a 98.7 e 2.98 pmc...per non farmi mandare niente incastrato pure sulle zar del 26 a 94.3 e 13.62 pmc
 
Definitivamente superato l'effetto del basso prezzo del petrolio, la inflazione continua a salire sia mensilmente che anno su anno, per ciclicità del cambio, situazione economica USA ed Europa e QE europeo in atto, IMHO ritengo più probabile si tocchino prima nuovi minimi (sotto 12,66) che nuovi massimi, ma si sa...i cambi sono difficilmente prevedibili

South Africa Inflation Rate Edges Up in May




Consumer prices in South Africa went up 4.6 percent year-on-year in May, following a 4.5 percent increase in April, mainly driven by cost of housing and utilities.

Housing and utilities accounted the most for the rise in the CPI (up 5.6 percent). Prices of water and other services recorded the highest increase (up 8.5 percent), followed by electricity and other fuels (up 7 percent) and rents for housing (up 5.3 percent). Additional upward pressure came from prices of miscellaneous goods and services (up 7.4 percent), food and non-alcoholic beverages (up 4.7 percent), alcoholic beverages and tobacco (up 9.7 percent) and education (up 9.3 percent). In contrast, transport prices fell 0.7 percent.

Annual core inflation rate, which excludes prices of food, non-alcoholic beverages, petrol and energy edged up to 5.7 percent from 5.6 percent in April.

On a monthly basis, the inflation rate slowed to 0.3 percent in May from 0.9 percent in April. The food and non-alcoholic beverages index increased 0.6 percent, due to higher prices of fish (2.6 percent), bread and cereals (1.9 percent), other food (1.7 percent), sugar, sweets and desserts (1.3 percent), oils and fats (1.2 percent), cold beverages (0.9 percent), milk, eggs and cheese (0.7 percent) and hot beverages (0.1 percent) while cost of fruit (-4.6 percent) and vegetables (-1.4 percent) decreased. Meanwhile, the transport index increased 0.3 percent.
 
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Comprata BEI, TRY, scad. 03/2017 cedola 10% , pagata 99.7 .... SPERO che il cambio di qui a marzo 2017 sia favorevole ... :angel::angel::angel::angel::benedizione: :benedizione: :benedizione:

mi segno qui il cambio OGGI ... vediamo tra un anno ... 1€ = 3,05216 TRY
 
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Hanno ritoccato i tassi al rialzo, per timori inflazionistici e possibili future mosse di politica monetaria in USA...mah

E' evidente che hanno giocato in anticipo, oppure, danno per scontato qualcosa che di poi cosi scontato per me non è : il rialzo dei tassi USA

South Africa Raises Key Rate to 6%




South African Reserve Bank hiked its benchmark repo rate for the first time in 12 months by 25bps to 6 percent in July. Policymakers said upside risks to inflation remain elevated while the rand is weak and growth is subdued.

The prime rate was also increased by 25bps to 9.5 percent.

The central bank hiked inflation forecasts for 2015 to 5 percent from 4.9 percent. Forecasts for the first two quarters of 2016 have also been revised up by 0.1 percent to 6.9 percent and 6.1 percent respectively, with a return to target by the third quarter.

The economy expanded 1.3 percent on quarter in the first three months of 2015 and the central bank expects second quarter figure to be similar. However, forecasts for full year growth were lowered to 2 percent in 2015 and 2.1 percent in 2016.

Excerpts from the statement issued by Lesetja Kganyago:

Inflation is expected to breach the upper end of the target range for two quarters, and the medium term trajectory remains uncomfortably close to the upper end of the target range. The upside risks make this trajectory vulnerable to any significant changes in inflation pressures.

Although the risks of higher electricity tariffs did not materialise as yet, other upside risks persist. The rand remains vulnerable to global market reaction to US monetary policy normalisation, particularly in the context of South Africa’s twin deficits. The pressures on the exchange rate have been exacerbated by the recent significant decline in commodity prices, which are likely to impede the favourable current account adjustment. Some of the rand adjustment has already occurred since the previous meeting, but further reaction to US monetary policy tightening could cause inflation to diverge even further from target, and set in motion an exchange rate inflation spiral. Further upside risks are expected to come from food prices, which have yet to react to significant increases in spot prices of agricultural commodities.

The MPC has indicated for some time that it is in a hiking cycle in response to rising inflation risks, and a normalisation of the policy rate over time. The MPC is cognizant of the fact that domestic inflation is not driven by demand factors, and the outlook for household consumption expenditure remains subdued. Economic growth remains subdued, constrained by electricity supply disruptions and low business and consumer confidence and the risks to the outlook remain on the downside. However, as emphasised previously, we have to be mindful of the risk of second-round effects on inflation, and the committee is concerned that failure to act against these heightened pressures and risks will cause inflation expectations to become entrenched at higher levels.

The MPC has therefore decided to continue on its path of gradual policy normalisation. Accordingly, the repurchase rate will increase by 25 basis points to 6,0 per cent per annum with effect from Friday 24 July 2015. Four members favoured a 25 basis point increase, while two members favoured an unchanged stance.
 
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