Markets....
Sovereign Debt Selloff resumes...
Bund sell-off resumes. German 10y yields now on course to 0.60%, Now at 0.57%.
Global govt bond yields resume their uptrend. 10y German Yields now at 0.55%, #Japan's JGB's at 0.10%.
Cryptocoin Turmoil.....
Rival factions of computer whizzes playing key roles in bitcoin’s upkeep are poised to adopt two competing software updates by end of July.
Sovereign Debt Rout Eases After Two Hard Weeks....
Global Government Bonds Stabilize After Selloff. http://www.foxbusiness.com/features/2017/07/10/global-government-bonds-stabilize-after-selloff.html …
Bonds bubble stops deflating: Government bonds rebound after painful 2 weeks. https://www.ft.com/content/4dcd1aad-66f0-35dc-bd90-d52812aadba3 …
Asia....
Economic data due from Asia today
Good morning! Asian stocks trade near record w/volumes 1/3 below avg ahead of Yellen testimony. Dollar underpinned by US MonPol expectations
Yen is safest haven of them all, Goldman Sachs analysis shows. Mexico Peso, Aussie, Loonie most risk-on currencies. https://www.bloomberg.com/news/articles/2017-07-11/goldman-analysis-has-yen-topping-swiss-franc-as-safest-of-havens …
PBOC breaks the silence, injects CNY40 Bn with 7/14 days reverse repos, net injection 0
JUST IN: Philippine trade figures out and WOW
Imports +16.6% (est. 2.6%)
Exports+13.7% (est. +16.7%)
Deficit swells to largest on record
Here is some Japan eco data ICYMI (the one that hit its highest for the year)
Australia data - ANZ-Roy Morgan weekly consumer confidence 113.0 (vs. prior 114.5)
New Zealand Retail Card spending for June: 0% m/m vs. expected +0.8%)
ASAHI Poll: 61% Of Respondents Say Japan's PM Abe Can't Be Trusted
Japan press: "Yen seen sliding ..."
US....
Forexlive Americas FX news wrap: Lackluster session. Slow start to the week.
US stocks end the session with modest changes to start the week
Coming attractions for this week...
Europe....
JPM ups German GDP forecasts on strong trade. Q2 from 2.5% q/q saar to 3.5%, 2017 forecast from 2% y/y to 2.2%, comp to forecast 1.5% in Jan
EU Economy Chief Moscovici: Economy is now strong and solid
European stocks did ok today. All major indices end higher
US Politics.....
Hmmm , looks like the British Publicist statement to The Telegraph is different than what is being reported. http://www.telegraph.co.uk/news/2017/07/10/british-pr-executive-set-donald-trump-jrs-meeting-russian-lawyer/ …
"Don Jr has not received any request from any committee or office. If we do, we will work with (them) to convey what he knows," lawyer says.
Trump names conservative columnist to voter fraud commission http://hill.cm/JO5IX9y
White House contradicts Trump's tweet: He did discuss sanctions with Putin http://hill.cm/JwiLM4z
"Fox & Friends" to address misinterpreted report on Comey memos http://hill.cm/QGF2AFc
Study shows ObamaCare markets are "stabilizing," not collapsing http://hill.cm/27leuUP
Capitol police arrest 80 Obamacare repeal protesters http://hill.cm/zlzngXM
GOP lawmaker on Trump Jr.'s meeting with Russian lawyer: I would have done the same thing http://hill.cm/TJfGi6B
Key GOP senator: I need a complete overhaul of the GOP healthcare bill for me to vote yes http://hill.cm/rpkvnHP
RNC head: Cancel August recess until ObamaCare repeal passes http://hill.cm/mXsVPaW
More than half of Comey's private Trump memos contain classified information http://hill.cm/I8R9D9z
Kind of looks like Skipper on Gilligan's Island , but with no sleep for a week. Russian lawyer did a bait & switch.
GOP member of Senate Intel tells Bloomberg she'd like the committee to interview Don Jr.
Don Jr. says he's "happy to" work with committee.
As with Mike , technical analysis not in my area of expertise , but shared on a "FWIW" basis as an interesting read.
"Nobody within the Trump campaign colluded with the Russians to influence the campaign" - @SHSanders45 – at The White House
"We're confident that it's going to pass," Trump aide Marc Short tells reporters at press briefing. Expect repeal and replace before August.
White House says that Vice President @VP extended invitation to @PrimeministerGR to visit Washington- leaders agreed to meet in near future
Senate GOPers hoping to craft revamped health care bill later this wk with potential vote next week.
Here we go...
Federal Investigation regarding Jane Sanders and alleged bank fraud re : land deal has accelerated in recent months.
Senate Republicans have their credibility on the line. "Take 3" better not lead to "Take 4."
Don Jr.'s third tweet of the day in defense of his actions on this.
Europe.....
Greece....
G.L.W.T...
Tax inspectors identify major dodgers on islands http://dlvr.it/PTcm0y
Gov’t plans to cut corners for paying rebates to companies http://dlvr.it/PTclxK
Erdogan warns firms not to drill in Cyprus http://dlvr.it/PTcT2M
Lesvos migrants clash with police http://dlvr.it/PTcSpb
Greece doesn't need market to finance the fiscal deficit. The money that is needed in the future is to roll over existing debt says #ESM
#ESM disbursed today 7,7 bil to Greece and money arrived this afternoon in Athens says Klaus Regling
Germany...
INSA Poll: Germany’s Conservatives Seen At 36%, Social Democrats Seen At 25% - RTRS
German 'dieselgate' investigators target Porsche employees http://dlvr.it/PTZVWw
Police strategy during G20 riots 'simply did not work', say critics http://dlvr.it/PTZV6X
We must stop ignoring left-wing extremism in Germany, Merkel's party declares http://dlvr.it/PTYn6S
UK...
Anger as High Court rules British arms sales to Saudi Arabia are lawful
http://bit.ly/2tYU958
ANALYSIS: How diminished Theresa May moved from conquest to consensus in just three months http://bit.ly/2sWhC7k
Trouble for Theresa May as Tory ex-ministers question vow to quit EU court: http://bit.ly/2t1i9jw
Anne Marie Morris suspended from the Tory party http://www.dailymail.co.uk/news/article-4682354/Tory-MP-Anne-Marie-Morris-uses-word-n-meeting.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490 …
So much for the olive branch extended from May to Corbyn regarding working together toward Brexit.
Theresa May: As the UK leaves the EU I'm clear we should strengthen our close partnership with Australia #Brexit
Odds & Ends....
Qatar vs Quartet...
Quartet respond to documents leaked to CNN..
#Qatar : Leaked 2013 + 2014 Agreements between GCC & Qatar show if vowed no support for Muslim Brotherhood http://i2.cdn.turner.com/cnn/2017/images/07/10/doc.-.jul.9.2017.-.11-30.pm.pdf …
ICC to @CNN: We expect #Qatar to "correct" their media reports. ICC Prosecutor doesn't comment on political issues https://arabic.cnn.com/middle-east/2017/07/10/icc-chief-prosecutor-qatar-crisis-statements … 
Airing this out publicly isn't helpful , if certain parties want to bridge the present rift.
US Secretary of State Rex Tillerson arrives in Kuwait to help resolve GCC row http://aje.io/5g26
Sec. Tillerson has arrived in Kuwait for talks aimed at resolving the Qatar crisis.
Qatar Pursues Compensation for Losses from Saudi-Led Blockade
Climb down begins for The Quartet. Winners to date -Qatar , Iran and Turkey. Mucho egg on the face of MbS.
Libya.....
A new diplomatic/military policy for Libya could significantly expand US involvement , may be finalized in the next few weeks.
Mobile phone services of Libyana & Al-Madar, WIFI , DSL Internet & fixed telephone landlines lost , banking system brought to a standstill.
It seems that both sides send reinforcements around Garabulli, east of Tripoli. Clashes still ongoing + unconfirmed reports about airstrikes
Residents terrified as Garabulli fighting goes into second day - https://www.libyaherald.com/2017/07/10/residents-terrified-as-garabulli-fighting-goes-into-day-two/ …
In Libya, intense clashes + shelling in east of Tripoli between pro-GNA and anti-GNA militias; 4 killed and 21 injured since 2 days.
Eastern Military Governor Abdelrazek Nadouri inspects #Benghazi's Benina Int'l Airport before it re-opens to public
http://www.alwasat.ly/ar/news/libya/146955/ …
Benghazi's agony goes on - https://www.libyaherald.com/2017/07/10/benghazis-agony-goes-on/ …
Farmers struggle to control Shahat woodland fires with spray guns - https://www.libyaherald.com/2017/07/10/farmers-struggle-to-control-shahat-woodland-fires-with-spray-guns/ …
Since yesterday the optic cable has been destroyed,from Garaboli to Misurata there is no phone or net conection
Hatif Libya announces that its main fiber cables in Gharabouli area got cut, resulting in loss of phone comms. in areas east of it & Fezzan.
Armed convoys from Wady Rabya & Tarhoona on theyre way to Tripoli...many roads in that area blocked
We kmow for a fact that members of #BDB are fighting with #Badi in #Gharabolli city trying to get into #Tripoli
Russian Rosneft oil firm starting lifting oil from Libya
http://www.libyanexpress.com/russian-rosneft-oil-firm-starting-lifting-oil-from-libya/ …
Pres. Council members Maiteeg and Ammari meet w/ security advisor to UN Mission Gen. Paolo Serra. #Libya
http://www.alwasat.ly/ar/news/libya/146924/ …
Libya not inclined to voluntarily cut its production & considering the hell the country has gone through - logical.
Mustafa Sanalla (NOC Chairman) discusses return of #Russia's Tatneft to #Libya w/ CEO Nail Maganov
http://www.alwasat.ly/ar/news/libya/146913/ …
Syria....
If accurate , Jordan needs to step up its game regarding honoring ceasefire deal.
And to say otherwise, as @MaxAbrahms did, sent CNN into a frenzy... #Syria #AlQaeda #ISIS/Daesh #propaganda
To CNN, the #Syria massacre in April with a "rebel" suicide bomber killing over 100 evacuees in a bus convoy, mostly kids, was a "hiccup."
Large retreat this morning by Jaish Osoud al-Sharqiyah, Ahmad Abdo & other US-backed FSA from Sweida giving Gov almost full control of prov.
Also there is no significant changes in
If South Syria ceasefire deal holds , Iran wants to extend ceasefire plan to cover all of Syria.
Iraq.....
congratulations.
#Mosul is 100% liberated.
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