Helicopter money looking less crazy as CenBanks are biggest holder of govt debt. http://www.welt.de/finanzen/article156998313/Die-Welt-hofft-auf-das-Geld-das-vom-Himmel-faellt.html … via @welt
Case for Helicopter money: #Japan cuts GDP forecast from 1.7% to 0.9% this yr and inflation forecast to 0.4% vs 1.2%
#Germany sells 10y Bund w/ negative yield for first time. Sold €4.038bn 2026 Bund at -0.05%. But auction not covered
After a few lackluster days for bonds , thirty year auction smokes today !
30Y TSY High Yield 2.172%, WI 2.176%
Important thing to consider-in a NIRP environment-zero coupon bonds are basically Pokémon cards. Trading vehicles.
HARKER SAYS HE SEES FED FUNDS RATE APPROACHING 3% BY END-2018. And the 2s10s approaching -350 bps
The flipfloppers are back: FED'S HARKER: UP TO TWO RATE HIKES MAY BE APPROPRIATE THIS YEAR
Oil price hit hard as distillates see their largest build in 6 months-production also has a spike. Bearish for crude
UK Political Scene / Post Brexit World....
This is how @Theresa_May's Cabinet looks so far. No more appointments tonight http://www.telegraph.co.uk/news/2016/07/13/prime-minister-theresa-may-makes-new-cabinet-appointments---as-b/ … #TheresaMayPM
Osborne has left the Gov't..
The White House has congratulated #TheresaMay on her appointment as Prime Minister and says President Obama backs her plan for 'Brexit'
Belgian PM doesn't mince words - says May shd trigger Art 50 'as quickly as possible' and faces 'challenging times'
Aberdeen Property Trust lifts its suspension on redemptions...
Libya In Focus.....
#Libya UN envoy army plan seems to mean single command Zintan-Misrata in Tripolitania and Benghazi Shura Council-army in Cyrenaica.
#Libya One source told me they want to cut Zawiya phone lines because Zawiya not supplying fuel for power station.
#Libya Tripoli electricity supply down to 1 hour in 12.
US Unrest - Post Dallas America....
July 15th "Day Of Rage" protests set for numerous US Cities. Check article for further information. Be vigilant.
Trigger happy officers kill an unarmed teen , who happened to be white.
When an assassin’s bullet targeted the Dallas police force, it touched the soul of our nation. Every American is wounded by these deaths.
Odds & Ends.....
One year later, Iran is obeying nuclear deal, despite doubts http://www.mcclatchydc.com/news/politics-government/white-house/article89368242.html …
Note , weapons to go directly from US to Irbil.
Macro criticizes both President Hollande and Prime Minister Valls , seems set to run for President in 2017 campaign
Migrant flows to EU ease after Turkey deal, ‘front line’ moves to Italy http://bit.ly/29PDSHi
Authorities arrest 29 suspected of smuggling 600 into Greece from Turkey http://dlvr.it/LnZ55q
Note , approval by the EP , will be required.
Not surprisingly-nations lectured by the US regarding human rights violations , will take the opportunity to troll.
Iraqi forces link up south of Mosul, tightening noose around Islamic State: http://reut.rs/29E3PHd
Security a major concern facing Turkey presently. ...
Negotiations not going well , it would appear..
Citibank will close accounts of the CB of Venezuela and Bank of Venezuela-used to make international transactions.
Hey Donald Trump, did you know Mike Pence loves NAFTA? http://ow.ly/dzsW302djGB
Probably the best choice for Trump. But we shall see...
Could be an early sign that Newt could be the choice by Trump....