Category: traders

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U.S.-Eastern Caribbean Interbank and Money Markets: Is the Eastern Caribbean legal framework preventing a trade in complementary currency?

The Takeaway: Is the Eastern Caribbean legal framework preventing a trade opportunity in complimentary currency? Fractional reserve banking is the milk of the poppy that even Caribbean central banks may not be able to shake (Sorry. I have been reading A Game of Thrones). This thought popped into my mind while listening to a webinar … Continue reading U.S.-Eastern Caribbean Interbank and Money Markets: Is the Eastern Caribbean legal framework preventing a trade in complementary currency?

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Caribbean Law, Interbank and Money Markets: FX rates of interest as of 6:06 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 Foreign exchange per the Eastern Caribbean Central Bank. USD/XCD=2.70 GBP/XCD=3.50703 EUR/XCD=2.95475 CAD/XCD=1.89095 JPY/XCD=0.01803 KWD/XCD=8.76751 AED/XCD=0.73513 NGN/XCD=0.00175 CNH/XCD=0.37372 Foreign exchange per the Central Bank of Barbados. USD/BBD=1.980000 GBP/BBD=2.545900 EUR/BBD=2.139360 CAD/BBD=1.382520 Foreign exchange per the Central Bank of Trinidad and Tobago. USD/TTD=6.7152 … Continue reading Caribbean Law, Interbank and Money Markets: FX rates of interest as of 6:06 pm AST

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Law, Interbank, and Money Markets: Has LIBOR price manipulation risk been replaced by SOFR volatility risk?

Law Review: Has LIBOR price manipulation risk been replaced by SOFR volatility risk? Investopedia, a finance news website, defines a reference rate as an interest rate benchmark designed to set other interest rates. Reference rates may be found in mortgage agreements and sophisticated mortgage rate swaps. They act as benchmarks for the performance of a … Continue reading Law, Interbank, and Money Markets: Has LIBOR price manipulation risk been replaced by SOFR volatility risk?

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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: Trump wants to reverse an “inflation catastrophe.”

The takeaway: Trump wants a balanced budget, but half the work is already done. 15 USC § 3101(b)(2) lists as one of the goals for economic growth a balanced budget. Specifically, the section reads: “(2) Aggregate monetary and fiscal policies alone have been unable to achieve full employment and production, increased real income, balanced growth, … Continue reading Currency and money markets news scan: Trump wants to reverse an “inflation catastrophe.”

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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: 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: Are declining Treasury rates indicating an expected fall off in spending?

U.S. Treasury rates The two-year, ten-year, and thirty-year Treasury rates yesterday continued their downward path, according to data from the U.S. Treasury. The two-year rate decreased from 4.13% to 4.07%. The ten-year rate fell from 4.40% to 4.30%, while the 30-year rate fell from 4.66% to 4.55%. (Ready for your next trader challenge? Visit https://traderswithedge.com/?r=348) … Continue reading Interbank market news scan: Are declining Treasury rates indicating an expected fall off in spending?

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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.