<Click on graphic for larger image> The Guardian (UK) – How the EU referendum result will emerge in the hours after polls close Shortly after midnight on Friday, Sue Stanhope, the counting officer for the city of Sunderland, will declare how many people in that area have voted for the United Kingdom to leave the… Continue reading When Will The Brexit Results Be Announced?
<Click on chart for larger image> Bloomberg Business – E&Ps Completing DUCs May Give Temporary Boost to Frackers: RBC (no link) Hallead notes recent comments from CLR mentioning co. started to frack more DUCs with oil near $50/bbl, would add rigs at $60/bbl; also cites recent comments from OAS, RSPP, WLL Est. frack pricing fell… Continue reading Drilled But Uncompleted Wells
The Washington Post – Dozens of GOP delegates launch new push to halt Donald Trump Dozens of Republican convention delegates are hatching a new plan to block Donald Trump at this summer’s party meetings, in what has become the most organized effort so far to stop the businessman from becoming the GOP nominee. The delegates… Continue reading One Last Push To Stop Trump?
<Click on graphic for larger image> The Financial Times – Falling bond yields — a moving message A strange aspect of the financial system is how the question that may matter most to investors around the globe is one of the most deceptively familiar: what do falling bond yields mean? Asked 30 years ago, when… Continue reading Interpreting Falling Rates Throughout The Past Several Decades
<Click on graphic for larger image> Bloomberg.com – Don’t Believe the Fed’s Stress Tests This week, the Federal Reserve plans to announce the results of stress tests aimed at ensuring that the largest U.S. banks could weather a major crisis. With the exercise in its sixth year, it’s worth asking whether the banks are really… Continue reading An Alternative To The Fed’s Stress Tests
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<Click on chart for larger image> Reuters – Sell-off abates as Brexit opinion seen shifting Shares, oil and bond yields rose on Friday after a tumultuous week and as campaigning for Britain’s EU membership referendum next week was suspended after the killing of a pro-“Remain” politician. European bourses .FTEU3 climbed more than 1 percent at… Continue reading Did The Brexit Vote Change Yesterday?
<Click on chart for larger image> Bloomberg.com – St. Louis Fed’s Bullard Claims the Dot Missing From Fed Estimate Fed’s economic projections lacked one long-run rate estimate Bullard also outs himself as low-dot projection in Fed release St. Louis Federal Reserve President James Bullard is the missing dot. When the Fed released its economic projections… Continue reading The Missing Dot Has Been Revealed
<Click on graphic for larger image> The Economist – Buttonwood: Feeling low Bond markets keep defying expectations WHATEVER happened to the power of the bond markets? Bond traders were supposed to act as “vigilantes”, keeping spendthrift governments in check. But despite high levels of government debt, they have not been selling bonds, pushing yields higher.… Continue reading Low Yields
The Wall Street Journal – Go-Anywhere Bond Funds Struggle to Attract Investors Early affection has faded as climb in interest rates has taken longer than expected Investors poured money into unconstrained bond funds a few years ago in a move to hedge against rising interest rates. But that early affection has faded as investors are… Continue reading Unconstrained Bond Funds
Bloomberg.com – Europe’s Largest Banks Slump to Record on Brexit Concerns Credit Suisse, Deutsche Bank both at record lows, data shows British surveys suggest voters favor Britain leave the EU Europe’s largest banks slumped, with Deutsche Bank AG and Credit Suisse Group AG hitting new lows, after the Federal Reserve’s decision to scale back its… Continue reading Europe’s Banks