Figure 1. One-year U.S. Treasury Yield-ATFX

It can be seen that before last week, the US short-term debt has been in a downward trend; after the Fed’s interest rate decision, the significant long-term yang line broke through the previous multi-week K-line high. The recent rise in the US dollar index is largely due to the rise in short-term US bond interest rates. The one-year U.S. Treasury’s “low creeping” began on March 23, 2020. During this time, the United States was cutting interest rates on a large scale in response to the new crown pneumonia epidemic. Up to now, the “low creeping” time has been maintained for 15 months, which is rare. Even if the Fed does not take measures to reduce the size of monthly bond purchases in the second half of the year, market expectations will continue to heat up, which is completely sufficient for the rise in short-term U.S. interest rates. The risk is that the Fed’s decision logic is to “cut interest rates if nothing is resolved”. If there is a black swan incident in the second half of the year, the expectation of reducing the size of bond purchases will no longer exist, and both U.S. Treasury interest rates and the U.S. dollar index will plummet.

Figure 2. Ten-year U.S. Treasury Yield-ATFX

Long-term U.S. bond interest rates have performed poorly. Even when expectations of reducing the size of bond purchases were strongest last week, they only closed the inverted hammer K-line with a long upper shadow. Part of the reason is that the Fed’s monthly debt purchases are mainly long-term bonds, and ten-year U.S. bonds are one of them. The 80 billion monthly bond purchases have pushed up the price of U.S. Treasury bonds and will correspondingly lower U.S. bond interest rates. From this perspective, U.S. bond yields are not entirely determined by the market, and there are certain regulatory attributes. The Fed does not want U.S. interest rates to rise quickly without a strong economic recovery, because this will have a negative impact on the business economy. Figure 3, US dollar index weekly chart-ATFX The dollar index has successfully bottomed, and the support point is at the previous low of 89.18. As can be seen in the figure, the previous high of 93.41 has become the resistance level for this round of rising. Only when this price is effectively broken can the future upside space be fully opened. The channel line in the chart shows that the upper rail suppressed this week’s rise. There is the announcement of the PCE price index in the first quarter of the US on Thursday. If not surprisingly, the published value will be 2.5% higher than the previous value, which will give a certain boost to the US dollar index bulls. In addition, during the first four days of this week, senior Fed officials will make speeches every day. Traders need to pay close attention to their views on labor market and price changes. ATFX Disclaimer : 1, The above analysis only represents the views of analysts. The foreign exchange market is risky and investment needs to be cautious. 2. A TFX will not be responsible for any profit or loss that may be caused by the direct or indirect use or reliance on this information. Source: Financial World Network

The amount raised through long-term bonds is only a small portion of the total debt that Amazon has issued, estimated at about 18.5 billion USD. The company says it can use these funds to invest in clean transportation and carbon-free buildings. Amazon’s projects will include purchasing electric vehicles for fleets, as well as other electric delivery vehicles. In addition, Amazon said it will also use electric heating and cooling systems powered by renewable energy at the company’s new headquarters in Arlington, Virginia. In one pledge, Amazon will cut all carbon emissions by 2040 and power all renewable energy operations by 2030. Amazon’s decision to raise funds for social projects comes when the company faced criticism around the labor issue. In addition to being charged with unsafe procedures and affecting employees’ health, Amazon has also been criticized for illegally firing workers and forcing them not to unionize. However, Amazon has denied these allegations and said it has always supported employees’ equal rights. According to Reuters According to Reuters

German police check vehicles in the border area. (Photo: AFP / VNA)

The Czech news agency (ČTK) reported that Germany would end the measures border control long-term with the Czech Republic, which has been applied since February 14, due to serious epidemics.

Ambassador of the Czech Republic to Germany Tomáš Kafka said the representative of the German Ministry of Interior informed the Czech diplomatic mission of the decision.

Ambassador Kafka welcomed this decision by the German side, saying that this was not only a step towards a return to normal in Czech-German relations, but also an encouragement in a joint effort to control COVID-19 translation.

German Interior Ministry spokesman Steve Alter said the country was transitioning from a permanent border control regime to random inspection after it found that the disease situation in the Czech Republic had improved significantly. Accordingly, the standing border force will finish the mission at 0:00 on April 15.

However, Mr. Alter stressed that Germany will continue to implement quarantine measures through intensive random inspection in the area. German-Czech border.

Germany has resumed regular border controls with the Czech Republic and the Austrian state of Tyrol since February 14 to prevent the spread of COVID-19.

At that time, Germany had identified both of these regions with a high infection rate variant of the SARS-CoV-2 virus.

Germany then stopped long-term border control with the state of Tyrol since the end of March, but has extended this measure to the Czech Republic so far.

On April 14, Spanish Prime Minister Pedro Sanchez said it would extend a series of measures to protect tenants – a group of people believed to be vulnerable, in the context of the COVID epidemic- 19 has a heavy impact on the economy.

These measures will be extended for another Three months.

Under current regulations, tenants will not have a rent increase or termination and may apply for a temporary or partial rent delay if the owner is more than 10. real estate unit, having more than 1,500 square meters of real estate, or being a public institution. They can also renew the lease for an additional six months under the same conditions.

In place since the early days of the epidemic crisis in March 2020, the measures above have been repeatedly extended and will expire on May 9, when the national emergency ends.

During the last year against the COVID-19 pandemic, hundreds of thousands of people in Spain lost their jobs, prompting the government to expand social protection measures.

In Ukraine, the capital Kiev will also extend the blockade until April 30, after the number of deaths and new infections by day continues to increase despite the strict restrictions imposed in March. by.

Medical staff treating patients COVID-19 at a hospital in Lviv, Ukraine. (Photo: AFP / VNA)

According to Kyiv Mayor Vitali Klitschko, the city government has no other choice because without such a decision the health system will not be able to accommodate the increasing number of patients, thereby increasing the number of patients. deaths caused by COVID-19.

Previously, to control the spread of the epidemic, Kiev restricted public transport services, closed schools, theaters and shopping centers, and banned spectators from coming to monitor events. sports events. Restaurants and cafes are only allowed to operate in the form of door-to-door delivery and recommend all government employees. work from home.

However, despite the imposition of strict restrictions, the number of new infections in Kiev is still higher than in other regions, with approximately 1,500 new infections and more than 40 deaths due to COVID-19 everyday.

Across the country, Ukraine has a total of 1.9 million cases, of which 38,225 have died since the epidemic broke out in the country last year.