Finance

Grace period expired without payment. Ivory Coast Defaults on Eurobonds, Pledges to Pay [bloomberg]

NY Fed eases criteria for reverse repo counterparties [reuters] RRP Eligibility Criteria for Money Funds III [NY Fed]

BCBS report: summarises the findings of an ad hoc group of the Basel Committee’s Research Task Force based on its review of the academic literature relevant to the regulatory framework for the trading book. This project was carried out in … Continue reading →

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The U.S. Treasury estimated it will borrow $237 billion of net marketable debt in the first quarter of 2011, assuming a $65 billion cash balance on March 31, vs the prior estimate of $431 billion borrowing, which assumed a cash … Continue reading →

U.S. banks may be required to bring billions of dollars of additional derivatives exposure onto their balance sheets under a proposal being considered by accounting rulemakers. The change would tighten rules that now allow U.S. financial firms to “net” derivative … Continue reading →

The currency basket China uses as a gauge for setting the value of the yuan is made up of about 20 currencies, split equally between those of developed and emerging economies, China’s top central bank was quoted as saying in … Continue reading →

Stocks in PADD3 have been dropping… …despite record receipts from PADD2… These record transfers from PADD2 have not stopped stocks from building to record levels at Cushing… and within PADD2 in general Which means that WTI will remain under pressure … Continue reading →

BoJ paper by Selahattin Imrohoroglu, and Nao Sudo Japan has the highest debt to GDP ratio among the developed nations. In addition, the population is projected to age rapidly over the next few decades, which will significantly increase the ratio … Continue reading →

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