NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

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BoE Data Watch

RBA Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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***US financial markets have a.......>

US TSYS/STOCKS
US TSYS/STOCKS: ***US financial markets have a strange anticipatory feeling, a
kind of fin-de-siecle feeling in the US stock market, which keeps rising,
gaining still nearly 8.5 years after 2008 financial crisis, said traders. They
wonder how much longer US stocks can keep going up, and believe some astute
traders may be already gradually selling to take chips off the table already to
trim potential losses in case of a stock selloff. Some are citing certain signs
of exhaustion in the market. 
- Meanwhile some traders feel US Treasuries bonds are overvalued, for the state
of where the improving economy is now, (though inflation does remains fairly
tame). The US govt bond market is not really -- yet -- taking into consideration
that large US Treasury debt supply is coming in 4Q 2017. And that's not even
going anywhere near the nearer-term debt ceiling and budget issues this fall. Or
even leaving out the expected Q/E taper program that could be announced in
September to reduce the Fed's $4.5Bln balance sheet holdings of Tsys and MBS;
such taper plan could start taking place in October, they said. As an example of
potential over-valuation, the 10-year note yield dropped 16 bps in August alone.

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