“Fed will have to hold rates near to zero for at least the next two years.” HSBC strategist said.

By Daniel at 1 November, 2009, 10:54 pm

HSBC strategist Richard Yetsenga speaking from Hong Kong on Bloomberg earlier, suggests Fed will have to hold rates near to zero for at least the next two years and that the, dollar to fall, he suggests Australian dollar to soon reach parity to dollar.

Yen/Dollar 89.94 -1.15
http://www.nni.nikkei.co.jp/e/fr/tnks/marketlive.aspx

TED spread has started to creep up at the highest level for 3 months and thats in spite of the most money ever being poured directly into the banks

http://www.bloomberg.com/apps/cbuilder?ticker1=.TEDSP%3AIND

VIX index surges most since the first leg down of the stock market crash in 2008 before the summer bounce

http://www.bloomberg.com/apps/news?pid=20601087&sid=aUXEJFwmlavY