Markets News Oil Regulators 

There’s an ‘interesting phenomenon’ happening with crude, and it could be sending a signal to bonds

“We have this interesting phenomenon where crude oil is highly correlated to the direction of inflation expectations,” Bilello told CNBC’s “Trading Nation” on Thursday” writes unknown author for cnbc.com. The Federal Reserve is sure to hike interest rates again this year, but the key question is how many times.Since 2016, crude oil has made a roughly 160 percent advance, picking up speed this year, and inflation expectations have risen alongside it.From 2014 to 2016, for example, when the oil glut pushed crude below $30 a barrel, inflation expectations also tumbled.”The…

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Crypto News 

Walmart Files two More Blockchain Patents

“With a blockchain, Walmart aims to keep private information completely private” writes Jp Buntinx for livebitcoinnews.com. With Walmart filing a patent for such a service, the future looks pretty bright for blockchain.Unlike what most people may expect, the company wants to use a distributed ledger to store payment data.Both of these filings revolve around using a blockchain-based infrastructure to secure payment data.It is not the first time Walmart shows an interest in blockchain. Source: livebitcoinnews.com Share This:

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News 

‘The System Is Totally Unjust’ – What People Really Feel About Their Student Debt

“And for those who started university from 2012 onwards, the impact of their student loans this week got a bit greater “ writes unknown author for huffingtonpost.com. She is paying her student loan off now, but her debt is bigger than when finished the course – something that she says is “frustrating”, although she has no regrets.It is frustrating that nothing’s being paid off and I’m just paying interest,” she says. “[The debt] grows every month because of the interest. Source: huffingtonpost.com Share This:

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Crypto News 

JPMorgan, National Bank of Canada, others test debt issuance on blockchain

“Blockchain is in the early stages of development in the financial industry, but JPMorgan is optimistic about its potential, Farooq said” writes Midwest Communications Inc for 95kqds.com. The spin-off discussions are in the early stages and the bank has received interest from financial institutions and large enterprise technology companies, Farooq added.The platform was built over more than a year using Quorum, a type of open-source blockchain that JPMorgan has developed inhouse and is in discussions to spin off.JPMorgan is considering spinning off Quorum because the technology has attracted significant outside…

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News 

Sky CEO Darroch: ‘I have no interest in running WPP’

“LONDON (Reuters) – Sky Chief Executive Jeremy Darroch said he had no interest in running WPP , the world’s biggest ad group which is searching for a new chief executive after the abrupt departure of Martin Sorrell on Saturday” writes Midwest Communications Inc for 95kqds.com. “I have no interest in running WPP, thank you very much,” he said on Thursday after the pay-TV group reported its third-quarter results. Source: 95kqds.com Share This:

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Markets News Oil 

There are good reasons to put money in emerging markets , says bond strategist

“Rising interest rates make it harder for governments and companies in emerging markets to service their debt, especially those denominated in the U.S. dollar” writes Yen Nee Lee for cnbc.com. Nicholson argued that the Fed will not raise rates aggressively — creating a situation that many emerging nations can handle.Emerging markets look like they could be at the losing end when the U.S. Federal Reserve raises interest rates and when oil prices climb, but there are still enough reasons to invest in bonds from developing countries, Bank of Singapore said…

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News Regulators 

Dudley says there’s still some distance to go before Fed rate policy is tight

“New York Fed President William Dudley said Wednesday there “is still some distance to go” before monetary policy gets tight” writes D C for marketwatch.com. He said he viewed the neutral real interest rate to be around 1%, which implies that the federal funds rate would need to rise to around 3% for monetary policy to be considered neutral.The Federal Reserve in March lifted its federal funds rate target to between 1.5% and 1.75%.Dudley, who plans to retire this year, said a gradual path of interest rate increases remains appropriate. Source:…

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News 

Surge in risky loans leaves global economy vulnerable to rate hikes, IMF warns

“Low interest rates and surging economic growth have stoked a boom in risky lending which could turn sour as interest rates rise, potentially derailing global growth” writes Tim Wallace for telegraph.co.uk. Even low-quality borrowers are able to issue bonds at very low interest rates, the International Monetary Fund said, leading to a spike in poorly-rated bond issuance.Loans to heavily indebted or even junk-grade borrowers have also shot up – $788bn (£554bn) of so-called leveraged loans were issued last year, smashing through the pre-crisis record of $762bn in 2007. The amount…

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Falling inflation boosts family finances but delivers blow to Bank of England’s interest rate plans

“Prices are rising at their slowest pace in a year as inflation has dropped away far faster than economists expected, giving welcome relief to household finance” writes Tim Wallace for telegraph.co.uk. It also removes some of the pressure on the Bank of England to raise interest rates in an effort to combat price rises. Slowing furniture costs also helped pull down the rate of inflation. Source: telegraph.co.uk Share This:

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Trump really needs someone to explain currency exchange rates to him

“Someone, somewhere, therefore needs to explain this currency exchange rates thing to him” writes Ap Photo Mark for washingtonexaminer.com. If interest rates — and we must think of real interest rates, after inflation — go higher in one currency, then that currency will rise in value.This isn’t part of by these countries to devalue their currencies, it’s the logical market reaction to those rising U.S. interest rates.If the United States continues to raise interest rates, the U.S. dollar will rise against the Chinese yuan and the Russian ruble.If I can…

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