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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bond_bubble who wrote (54755)	2/26/2006 1:48:50 PM
From: KyrosL	Respond to of 110194

Japanese rates are still near zero, so the carry trade is alive and well.

To: bond_bubble who wrote (54755)	2/26/2006 2:07:46 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

U.S. will act against China if no yuan revaluation: HSBC 2006/2/25 WASHINGTON, Bloomberg The U.S. Treasury Department will name China a currency manipulator in April unless there is a "significant revaluation" of the yuan soon, HSBC Holdings Plc said in a report. Treasury Undersecretary Tim Adams, who is in Asia this week and next to meet with officials in Malaysia, Philippines, Singapore, China and Japan, is emphasizing the changing outlook in the U.S. about trade relations in China, the report said. President George W. Bush's administration is under pressure from Congress to act against China, which some legislators say is keeping the yuan artificially weak to spur demand for its exports. Legislation that would impose a tariff on Chinese imports will probably reach a vote by April, HSBC said. "We found policymakers very pessimistic about the China situation," said the report, written by strategists Mark Austin, Mike Newton, Bob Lynch and Qu Hongbin. "Our judgment is that 'significant' is probably a minimum of 2 percent and more realistically 5 percent." The Treasury Department is likely to wait until after China's President Hu Jintao ends April 24 to make any announcement, the HSBC report said. HSBC officials were not available for comment on Thursday's report. The publication does not name specific government officials as sources for its report. Adams met earlier with investors and analysts to sound out opinions from financial markets participants regarding how they would react to a decision to name China a currency manipulator, people familiar with the situation said earlier this month. "I use every opportunity to listen to those in financial markets to help me understand the implications about a whole host of policies," Adams said Thursday during a visit to Kuala Lampur. China was last singled out in a report by the Treasury in 1994. The department has also previously cited Taiwan and South Korea.