Category: banks

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U.S.-Eastern Caribbean FX, Interbank, and Money Markets as of 8:34 PM AST

Foreign exchange per the Board of Governors of the Federal Reserve System. EUR/USD=1.0872 GBP/USD=1.2917 USD/JPY=148.5100 Administered rates per the Board of Governors of the Federal Reserve System. Discount Window: 4.50% Effective Federal Funds Rate: 4.33% Interest on Reserve Balances: 4.40% Overnight Reverse Repurchase Facility Rate: 4.25% Reference Rates per the Federal Reserve Bank of New … Continue reading U.S.-Eastern Caribbean FX, Interbank, and Money Markets as of 8:34 PM AST

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U.S.-Eastern Caribbean, Interbank and Money Markets: FX, Bonds, Reference Rates as of 9:30 am AST

Rates as of 9:30 am AST Foreign exchange per the Board of Governors of the Federal Reserve System. EUR/USD=1.0872 GBP/USD=1.2917 USD/JPY=148.5100 Administered rates per the Board of Governors of the Federal Reserve System. Discount Window: 4.50% Effective Federal Funds Rate: 4.33% Interest on Reserve Balances: 4.40% Overnight Reverse Repurchase Facility Rate:4.25% Reference Rates per the … Continue reading U.S.-Eastern Caribbean, Interbank and Money Markets: FX, Bonds, Reference Rates as of 9:30 am AST

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Law, Interbank and Money Markets News Scan: Counseling my clients to get politicians on code.

The Takeaway: Counseling my clients to get politicians on code. Yesterday, the U.S. Senate passed HR 1968, a continuing resolution to fund the government through the end of Fiscal Year 2025 but at Fiscal Year 2024 levels for most programs. The big hubba baloo in the media is over what appears to be continued weakness … Continue reading Law, Interbank and Money Markets News Scan: Counseling my clients to get politicians on code.

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Currency and money markets news scan: Will banks leave more money in their Federal Reserve bank vaults?

The takeaway: Will banks leave more money in their Federal Reserve bank vaults? Alejandro Riviera is upset today. He needs $200,000 per year in income in order to enjoy retirement with his wife, Anita, and the dog, Puff. Last week, with the two-year rate at 3.99%, Alejandro needed a portfolio of $5,012,531 to generate his … Continue reading Currency and money markets news scan: Will banks leave more money in their Federal Reserve bank vaults?

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Currency and money markets news scan: Banks can now engage in certain crypto activity. Is tariff talk getting tiring?

What we are reading: Banks. Crypto. “The U.S. regulator overseeing national banks clarified Friday that banks can engage in some crypto activities and removed expectations firms should receive advance permission from regulators before doing so. The Office of the Comptroller of the Currency said in a statement that national banks are permitted to engage in … Continue reading Currency and money markets news scan: Banks can now engage in certain crypto activity. Is tariff talk getting tiring?

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Currency and money markets news scan: Don’t get triggered by the politics. One man is not the economy.

The Takeaway: Don’t get triggered by the politics. One man is not the economy. No amount of reason is going to quiet the Trump Derangement Syndrome running rampant through the electorate of the United States. I am in the camp that the President does not have a reach extensive enough to put a negative dent … Continue reading Currency and money markets news scan: Don’t get triggered by the politics. One man is not the economy.

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Currency and money markets news scan: Massie wants to end the Fed. That is low-hanging fruit.

The takeaway: Massie wants to end the Fed. That is low-hanging fruit. The Federal Reserve again finds itself as the political football for a congressman, this time in the name of U.S. Representative Thomas Massie. The Kentucky congressman today announced the introduction of HR 1846, the Federal Reserve Board Abolition Act. The Act would abolish … Continue reading Currency and money markets news scan: Massie wants to end the Fed. That is low-hanging fruit.

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Interbank market news scan: Treasury yields continue their fall the wrong way. Congress not noticing.

The data …. The two-year, ten-year, and thirty-year Treasury rates continued their downward path today. According to data from the U.S. Treasury, the two-year rate moved from 4.07% to 4.05%. The ten-year rate fell from 4.30% to 4.25%, while the 30-year rate fell from 4.55% to 4.51%. Meanwhile, data from the Federal Reserve Bank of … Continue reading Interbank market news scan: Treasury yields continue their fall the wrong way. Congress not noticing.

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Interbank market news scan: As the GOP takes a closer look at monetary policy, does it risk extending inflation?

The monetary policy takeaway …. GOP members of the U.S. House Committee on Financial Services are flexing their constitutional muscles on monetary policy. On 4 March 2025, the Committee’s Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity will hold a hearing on monetary policy and economic prosperity. “The actions of the Federal … Continue reading Interbank market news scan: As the GOP takes a closer look at monetary policy, does it risk extending inflation?