Greek 10-year yields jumped 57 bps to 11.18% (up 143bps y-t-d). -year “JGB” yields fell eight bps to 0.32% (unchanged y-t-d). Two-year government yields dropped eight bps to 0.58% (down 8bps y-t-d). Five-year T-note yields sank 17 bps to 1.42% (down 24bps). Ten-year Treasury yields fell 18 bps to 1.93% (down 24bps). Long bond yields sank 19 bps to 2.51% (down 25bps). Benchmark Fannie MBS yields dropped 15 bps to 2.68% (down 15bps). The spread between benchmark MBS and 10-year Treasury yields widened three bps to 75 bps. An index of investment grade bond risk declined three bps to 63 bps. An index of EM debt risk rose four bps to a one-month high 378 bps. The Bubbling corporate debt market needs to be tested – and some market discipline reinstated. EM currency and bond market contagions were gaining important momentum. Chinese fiscal and monetary measures have become more aggressive – including PBOC currency intervention. Central bank market intervention moved from short-term interest rates, to long-term bond yields and the yield curve, to risk market prices more generally – to now wanton manipulation of the currency markets. The global pool of finance was a fraction of today’s size, yet when the speculators pressed bearish bets it was enough to crush those markets into a state of illiquidity.

Years of central bank market intervention, manipulation and monetization have cultivated a massive pool of global speculative finance. The primary consideration after six years of zero rates and $3.6 TN of monetization should be Financial Stability. did not derail, but were at their limit, some consideration will be needed with the loads being added to the wagons. Will they stand up? They have failed to do the obvious, and Wednesday’s meeting confirms they will remain firmly in Bubble accommodation mode. I think I have a taste for more wildness than these other law professors. The right has roundly criticized Justice Kennedy for his interest in international law. International debt issuers included Peru $2.55bn, Bank Nederlandse Gemeenten $2.0bn, APT Pipelines $1.4bn, Mizuho Bank $2.5bn, Inter-American Development Bank $850 million, Ecuador $750 million, Sensata Technologies $700 million, Virgin Media $500 million, Turk Hava Yollari $328 million and Merna Reinsurance $300 million. Meanwhile, State & Local debt growth accelerated to 8.3% annualized, up from Q1’s 4.9% and Q2 2008’s 0.9%. State & Local governments expanded borrowings $187bn SAAR – a resurgence back to the peak borrowing level from 2007 ($186bn). She doesn’t officially lose her delegates until they vote for someone else at the convention, so she could always jump back in.

While Tsipras may have bought some time after yesterday’s European Union summit in Brussels, he still isn’t saying what’s left in the bank and acknowledges Greece is facing ‘liquidity pressure.’ The country’s cash shortfall is projected to hit 3.5 billion euros ($3.7bn) in March… ‘excited’ about financing India’s $80 billion program to build roads and expressways, according to Minister for Road Transport and Highways Kamal Nath… The self-reinforcing stock buybacks, M&A and other “financial engineering” need to be tested by a period of tighter finance and associated risk aversion. I am convinced the underlying finance driving the markets and, increasingly, the economic boom is unstable. Especially with Greece and Brazil facing serious issues, global Bubble markets were at heightened vulnerability to a surprising bout of speculative de-risking/de-leveraging. It was as well an ominous week for Greece. Answer: I use Power Pro braided line in most applications from shore as well as boat. 6. For a initial integrate UFC events, a referees had really small power.

The enormous ongoing flow of (unsuspecting) savings into grossly inflated risk markets only exacerbates systemic risk. I believe the best kept secret is that enormous amounts of global “hot money” are flooding into king dollar asset markets – U.S. It was a good week for EM – but it was also a good week for the U.S. The Yellen Fed inflicted some pain this week. The Fed needed to be prepared to counter securities market and speculative excesses. The ETF and “bond” fund complexes, recipients of Trillions of flows, need to be tested – and market discipline allowed to run its course. You will need to remember, however, that there are no reason to stay with regards to any Nevada wedding ceremony. So long as global speculators were contently positioned leveraged long across global markets, there was the appearance of peace and prosperity for all. Far Far Away With Shrek And The Gang! 11, 2001. He also broke with President Obama on several occasions, opposing the expansion of the war in Afghanistan, the bailing out of financial institutions in 2008 and the regulation of Wall Street this year, saying the restrictions did not go far enough.