Here’s When China Will Win The Arms Race With The US, And How BofA Is Trading It

For all the talk of the escalating confrontation between the US and China, Bank of America’s Mike Hartnett writes that the “trade war” of 2018 should be recognized for what it really is: the first stage of a new arms race between the US &…

The Identity Of Cohen Bank-Report-Leaker Won’t Be A Secret For Long

Whoever leaked Michael Cohen’s bank information to lawyer Michael Avenatti – something that would’ve required accessing a federal database – their identity likely won’t be a secret for long. That’s because anyone who accesses the government’s Financial Crimes Enforcement Network will leave a digital trail…

US 5Y Yields Are Higher Than Any Available 10Y Yields In The G10

Yesterday morning, we highlighted a fascinating observations made first by Deutsche Bank, which showed just how much of an outlier the US yield curve has become relative to all other G10 nations: “The US 5y yield is now higher than any available 10y yield in…

Brazilian Real Rout Returns Despite Hawkish Central Bank ‘Hold’

Brazil’s central bank (BCB) surprised the market by foregoing a final rate cut overnight in what seemed like a hawkish effort to stem the tide of collapse in its currency. For a few brief minutes it worked… but the Real is no collapsing lower again to…

Bank Of England Should Print “Green” Money To Prevent Climate Change, New Report

As if The Bank of England does not have enough on its plate – at first scaremongering Brexit and now doing its best to defend against its potential impact -a new report by research group Positive Money says the central bank must do more to combat climate…

“What Is The Magic Number?”: Wall Street Answers The Most Important Question For Investors Today

In its latest Fund Manager Survey, Bank of America asked what may be the most important questions for investors today: “What level of US 10y Treasury yields would cause you to rotate from equities into bonds?“ That level, which Bank of America’s Michael Hartnett has…

Hundreds Of Millions Stolen After Wave Of Transfer-Heists Rock Mexican Banks

Lorenza Martinez, director of the Payment System of the Bank of Mexico, informed Reuters in a telephone interview last week that more than five Mexican financial institutions have recently observed “unauthorized transfers,” resulting in hundreds of millions of pesos stolen. Cybercriminals siphoned 400 million of pesos ($20.4…

ECB’s Villeroy Spooks Europe With “End Of QE” Talk; Spikes EUR, Bund Yields

ECB member and Bank of France governor, Francois Villeroy de Galhau, hit the wires this morning insisting that despite sluggish inflation, the governing council is set to stick with the plan and end QE over he near term, citing September or December as the likely…

HSBC Completes First Trade-Finance Deal Using Blockchain, Opening $9 Trillion Market For Mass Adoption

Just a few hours after German online bank Bitbond announced it now allows users to transfer loan anywhere in the world using bitcoin and other cryptos , a move which we said would result in a rapid adoption of blockchain technologies within the bank-disintermediation space,…

BOE Keeps Rates Unchanged In 7-2 Vote; Cable Plunges On Dovish Inflation Outlook

As was widely anticipated following the recent disappointing economic data out of the UK, the Bank of England announced it kept rates unchanged at 0.5% in a 7-2 vote, with Saunders and McCafferty dissenting (some more hawkish commentators were hoping for a 6-3 split). We…