China Bond Rally Still Has Room to Run, Ex-HKMA Manager Says

The People’s Bank of China may shift the interest-rate corridor down by 10 basis points in the second quarter if economic data continue to show softness, said Ng, who left the HKMA in 2015 and established investment firm Eastfort Asset Management Pte Ltd. “2019 should still be a mild bull market for China bonds, at least for the first half of the year given a dovish Fed, slowing onshore growth and more aggressive PBOC stance,� said Ng, who favors the nation’s five-year notes. Yields on China’s benchmark five- and 10-year notes have tumbled by almost 100 basis points over the past year as the U.S.-China trade war dent exports and factory output, spurring investors to seek havens.

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China Bond Rally Still Has Room to Run, Ex-HKMA Manager Says

Former Fed Chair Paul Volcker takes Trump to task on taxes, trade

“We have not been on a constructive track,â€� Volcker told Bridgewater co-chief investment officer Ray Dalio, in a podcast video released on Tuesday. “I think that’s fair to say.â€� Volcker, widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s, said Trump’s big tax cuts and spending increases underscore the lack of transparency of the president’s administration. Whatever you think about that tax bill, it shouldn’t have been rammed through Congress without any debates at midnight on Dec. 31,â€� Volcker said.

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Former Fed Chair Paul Volcker takes Trump to task on taxes, trade

The Global Iron Ore Crisis: What's Next in Four Charts

Since the initial incident in Brazil in late January, the top producer has announced supply cuts of as much as 70 million tons, although it’s said it will try to offset some lost production. The mainland has a very substantial ore-mining industry, but production has been hurt in recent years as the content is lower-grade and higher-cost than foreign supplies, and Chinese producers have been the target of a strict environmental clampdown.

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The Global Iron Ore Crisis: What's Next in Four Charts

Five takeaways from Trump's El Paso rally on border wall, shutdown talks

President Trump held his first rally of the year Monday, using the backdrop of El Paso, Texas, to make a case for his controversial border wall.

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Five takeaways from Trump's El Paso rally on border wall, shutdown talks

E-cigarette use 'skyrocketing' among young Americans: report

The number of young Americans using e-cigarettes grew by 1.5 million in 2018, undermining years of progress in reducing youth smoking, health authorities said Monday. Some 3.6 million middle and high school students were current users of vaping products, up from 2.1 million the year before, according to the report by the Centers for Disease Control and Prevention (CDC). The CDC said the number of current cigarette smokers and consumers of other tobacco products in middle and high school remained roughly stable from 2017 to 2018.

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E-cigarette use 'skyrocketing' among young Americans: report