Posts by ThriveAdmin
Repo Panic Returns As Fed Injects $99BN In Liquidity, Including First Oversubscribed Term Repo In Three Weeks
And just like that, the repo market is on the fritz once again. More than two weeks after the last oversubscribed term repo operation on December 16, moments ago the Fed announced that Dealers are once again scrambling for liquidity, submitting $41.12BN in securities ($30.7BN in TSYs, $10.42BN in MBS) into today’s 2-week repo operation,…
Read MoreThe Dollar’s Losses May Just Be Getting Started
(Bloomberg) — The dollar had an awful December and things may only get worse. The currency is set to extend losses as a truce in the U.S.-China trade war and signs that global growth is improving sap demand for haven assets, according to ABN Amro Bank NV. At the same time, the Federal Reserve has taken a…
Read MoreBankers Are Playing With Fire, Once Again
(Bloomberg Opinion) — As 2019 draws to a close, there’s more than a whiff of banking deregulation in the air. The U.S. has relaxed its lender stress tests and made it easier again for Wall Street to trade using its own funds. In Europe, capital requirements are being softened. The reining in of bank risk…
Read MoreGold ends at a nearly 1-month high as Trump suggests China trade deal could wait till after 2020 election
Trump’s willingness to open new fronts in trade war unnerves markets Gold futures marked their highest finish in nearly a month on Tuesday, finding haven-related buying interest after President Donald Trump said it might be preferable to hold off on completing a long-awaited U.S.-China trade deal until after the November 2020 presidential election. Trump’s comments…
Read MoreGold settles higher as economy and U.S.-China trade stay in focus
Fed’s Powell remains optimistic on U.S. economy Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery GCZ19, +0.15% on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening largely flat, while December silver SIZ19, +0.76% edged 15 cents higher to $17.04 an…
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