The interbank market at 8:35 am EST, 21 August 2023
30-year and 10-year Treasury rates continue to tick up. Continue reading The interbank market at 8:35 am EST, 21 August 2023
Of statecraft and governance: The market is regulated to maintain the fiction of democracy.
In the end, the market maker’s proximity to the rate decision and the data the market maker provides trumps at least the notion of democratic participation in a decision that impacts everyone in society. Continue reading Of statecraft and governance: The market is regulated to maintain the fiction of democracy.
Foreign exchange, reference, and Treasury rates observed by the Federal Reserve at 12:41 am, 19 August 2023.
Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 USD/CAD=1.3437 Treasuries. 30-year=4.41% 10-year=4.30% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Disclaimer: The data and output from this blog post does not constitute investment or legal advice … Continue reading Foreign exchange, reference, and Treasury rates observed by the Federal Reserve at 12:41 am, 19 August 2023.
Rates seen by the Federal Reserve System on 17 August 2023, 11:50 pm EST.
Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 USD/CAD=1.3437 Treasuries. 30-year=4.38% 10-year=4.28% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Disclaimer: The data and output from this blog post does not constitute investment or legal advice … Continue reading Rates seen by the Federal Reserve System on 17 August 2023, 11:50 pm EST.
Just a thought: The State’s ability to expand depends on markets.
Markets are tied to the concept of freedom, particularly the freedom to enter into negotiations and agree on the price of exchange. But I see markets as more than just a mechanism for moving goods and services. Markets, for political economy purposes, serve as nodes the State uses to extract energy in the form of taxes for the government. Continue reading Just a thought: The State’s ability to expand depends on markets.
PRESS RELEASE
The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter August 10, 2023 NEW YORK—The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the April – June 2023 quarter, the Federal Reserve Bank of New York said today in its quarterly report to the … Continue reading PRESS RELEASE
The Board of Governors-Federal Reserve System continues to see uptick in 30-year, 10-year bonds.
Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 USD/CAD=1.3437 Treasuries. 30-year=4.32% 10-year=4.21% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Source: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. (Are you up to a trader’s challenge? Click the link. https://traderswithedge.com/?r=348 ) Disclaimer: The data and … Continue reading The Board of Governors-Federal Reserve System continues to see uptick in 30-year, 10-year bonds.
Primary Dealer News Scan as of 15 August 2023, 11:30 PM EST
Bank of Nova Scotia closes down on Tuesday 1.53% from its previous close. Source: The Globe and Mail. BNP Paribas announces buy back of its shares. “In accordance with Article 5 of Regulation (EU) No 596/2014 on Market Abuse and Article 3 (3) of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 through regulatory … Continue reading Primary Dealer News Scan as of 15 August 2023, 11:30 PM EST
Federal Reserve sees 30-year and 10-year rates continue to inch up. 15 August 2023, 9:51 pm EST
Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 USD/CAD=1.3437 Treasuries. 30-year=4.29% 10-year=4.19% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Disclaimer: The data and output from this blog post does not constitute investment or legal advice … Continue reading Federal Reserve sees 30-year and 10-year rates continue to inch up. 15 August 2023, 9:51 pm EST
Lawyers Write the Bets. Bankers Sell the Bets. 