Category: traders

Posted on

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.

Posted on

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.”

Posted on

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.

Posted on

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.

Posted on

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?

Posted on

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.

Posted on

Interbank market news scan: HR 146 provides no rationale for prohibiting payment of interest on reserve balances

Tomorrow is President’s Day in the United States, so banks and the US government are closed for the holiday. Back on 9 January, I discussed the introduction of HR 146, Prohibition of IOER Act of 2025, a bill that would prohibit the payment of interest on reserve balances in excess of minimum requirements. During my … Continue reading Interbank market news scan: HR 146 provides no rationale for prohibiting payment of interest on reserve balances

Posted on

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.

Posted on

Interbank market news scan: On interest rates, traders be advised that Mr. Trump is out of his lane

Yesterday, U.S. President Donald Trump stated that he would demand that the Board of Governors of the Federal Reserve System lower interest rates. Mr. Trump’s off the cuff remarks reminded me of a scene from “Air Force One” where Harrison Ford’s character during a speech made in a central Asian country shared a position on … Continue reading Interbank market news scan: On interest rates, traders be advised that Mr. Trump is out of his lane