Category: currencies

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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: Three Fed reference rates see an uptick. China, Japan receive warning about weakening currency.

The takeaway: As Trump seeks to weaken the US currency, he calls out Japan and China for doing likewise. Joseph Adinolfi yesterday wrote for MarketWatch that supporters of President Trump as well as members of the administration would like the President to consider policy that would weaken the US dollar while maintaining the dollar’s status … Continue reading Currency and money markets news scan: Three Fed reference rates see an uptick. China, Japan receive warning about weakening currency.

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Interbank market news scan: Fed reports steady overnight rates. Treasurys continue their fall. Congress quiet on financial markets.

U.S. Treasury rates On 24 February 2025, the two-year, ten-year, and thirty-year Treasury rates moved down between 8:49 am and 5:05 pm. According to Treasury data, the two-year rate moved from 4.19% to 4.13%. The ten-year rate fell from 4.42% to 4.40%, while the 30-year rate fell from 4.67% to 4.66%. Board of Governors of … Continue reading Interbank market news scan: Fed reports steady overnight rates. Treasurys continue their fall. Congress quiet on financial markets.

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Interbank market news scan: Certain overnight rates see an uptick.

U.S. Treasury rates Yesterday, the two-year, ten-year, and thirty-year Treasury rates moved down between 9:00 am this morning and 4:30 pm. According to Treasury data, the one-month rate stayed relatively the same, moving from 4.29% to 4.28%. The ten-year rate fell from 4.55% to 4.53%, while the 30-year rate fell from 4.77% to 4.76%. Board … Continue reading Interbank market news scan: Certain overnight rates see an uptick.

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Interbank market news scan: Not much change in Federal Reserve Bank of New York reference rates.

U.S. Treasury rates The one-month, ten-year, and thirty-year Treasury rates moved down between 9:00 am this morning and 4:30 pm this afternoon. According to Treasury data, the one-month rate stayed relatively the same, moving from 4.38% to 4.37%. The ten-year rate fell from 4.62% to 4.52%, while the 30-year rate fell from 4.83% to 4.72%. … Continue reading Interbank market news scan: Not much change in Federal Reserve Bank of New York reference rates.

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Interbank market news scan: The bitcoin bros need to make an argument as to why a bitcoin strategic reserve is constitutional.

Proponents of bitcoin were very excited about the prospects of President Donald Trump creating a bitcoin strategic reserve. This prospect was fueled by support from Senator Cynthia Lummis, Republican of Wyoming, who last year introduced S.4912, the BITCOIN Act of 2024. S.4912 would require the Secretary of the Treasury to establish a “decentralized network of … Continue reading Interbank market news scan: The bitcoin bros need to make an argument as to why a bitcoin strategic reserve is constitutional.

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Bitcoin and Artificial Intelligence will combine to create a restricted currency union inside the United States.

Bitcoin and Artificial Intelligence will combine to create a restricted currency union inside the United States. Bitcoin nation, made up of very wealthy owners of large plots of land and productive capacity, will need a US dollar reserve. Bezos, Musk, and Branson have the intellectual and financial power to build a real, suborbital Elysium with … Continue reading Bitcoin and Artificial Intelligence will combine to create a restricted currency union inside the United States.

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Trump’s America First Trade Policy: Applying Law to the Manifest Destiny Narrative.

There is mumbling amongst the narrative class that legal action is being prepared to address some of President Donald Trump’s executive orders issued yesterday. I cannot say with specificity that Mr. Trump’s America First Trade Policy is among the executive orders targeted for legal action. I am particularly focused on the portion of his America … Continue reading Trump’s America First Trade Policy: Applying Law to the Manifest Destiny Narrative.