RHB FIC Rates & FX Monthly Review - 6/7/15

Rates & FX Monthly Review

Greek Woes to Underscore Growing Risk Aversion; China and Korea Maintained Easing Rhetoric in June

Highlights

¨                   

¨    US & UK:  UST Demand Weighed by Better US Data; Fed dot-plots hints at one rate hike rather than two this year

¨    Eurozone: Long-end EGBs fell amid Greek default fears and Spanish political jitters; EURUSD holding firm just under 1.10

¨    Japan & Australia: Changes to BoJ MPM framework increases transparency to investors; upward pressures on JGB yields were limited by BoJ’s dovish stance and purchases

¨    AxJ: China and South Korea kept their easing stance in June