Abstract: | In October 2010, impacted by the market expectation of Federal Reserve's second quantitative easing policy, the US dollar continued to decline against major currencies. Short-term interest rates of USD and JPY dropped slightly, while the rates of EUR and GBP started to rise. Mid- and long-term T-bond yields of the US, UK and Germany increased from a low level, while the yields of Japan remained at a low level. Apart from Japan's stock market, other major stock markets rose with fluctuations. |