Overseas Headlines – March 21, 2022

United States:

U.S. Curve Flattest Since 2019 Versus U.K.’s as Fed, BOE Diverge

“The U.S. yield curve hasn’t been this flat in more than three years compared to its U.K. counterpart as the Federal Reserve takes a more hawkish stance than the Bank of England.”



U.K. Prepares to Temporarily Nationalize Gazprom M&T Retail Unit

“The U.K. government is preparing to step in and temporarily run Gazprom’s British retail supply arm as it comes under increasing pressure with companies turning their backs on Russian business.”



China Cabinet Vows Stronger Monetary Policy Support for Economy

“China’s cabinet pledged stronger monetary policy support for the economy while cautioning against flooding the market with liquidity, state broadcaster CCTV reported late Monday.”



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