Fed speakers: Bullard up next - Scotiabank

Analysts at Scotiabank noted that the Fed Vice Chair Fischer provided no clues on the policy
outlook in comments last night.

Key Quotes:


"Fed Governor George (voter) remarked late yesterday that the Fed should not delay tightening too long and that the March FOMC meeting should be considered “live”."

Governor Bullard (also a voter) speaks late today and, as one whose varied opinions defy the more traditional hawk/dove pigeon-holing, might provide a decent weather-vein of broader FOMC thinking. Note Lacker and Kaplan also have speaking engagements today but are non-voters this year."

SA budget looks good on paper - TDS

Analysts at TD Securities explained that as we expected, in today’s annual budget speech, south Africa's Finance Minister Pravin Gordhan projected an even more rapid narrowing of the budget deficit over the coming years than was given in the Medium Term Budget Policy Statement (MTBPS) last October.
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United States 5-Year Note Auction fell from previous 1.496% to 1.169%

United States 5-Year Note Auction fell from previous 1.496% to 1.169%
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