Bonds
ECB should become global lender of last resort – report
Academics put forward policy recommendations to further internationalise euro
EU central banks want more sovereign bonds in stablecoin reserves
Micar review proposals include severing crypto interdependence with rival banks
Sarb hikes rates 25bp, citing persistent global supply shock
Global economy not in a healthy space, governor says
Swiss upper house backs tougher capital rules in blow to UBS
Vote moves proposed 90% capital backing for foreign liabilities one step closer to becoming law
US rates surge sparks new wave of FX net investment hedging
Corporates pile into currency hedges to protect value of foreign assets and capture positive carry
Fear of risk and lack of trust block European investment – blog
Financial literacy is key to savings and investment union, say ECB economists
ECB launches Pontes and prepares to invest in tokenised securities
Bundesbank onboarded as market participant to trade tokenised assets settled in central bank money
The OeNB’s Martin Kocher on the Eurosystem’s inflation outlook
The Austrian central bank’s governor speaks about ECB succession, forward guidance and eurobonds, as well as lessons from QE losses, access to cash interventions and Austria’s excessive deficit procedure
BoE holds rates and reveals talks to sell gilts to Treasury
Economists voice concerns over blurred fiscal and monetary policies
Treasury buyback risks a (collateral) chain reaction
Rebalancing of bond tenors could stretch collateral links to breaking point, argues economist
The Fed enters a new epoch
Chair Kevin Warsh takes his first steps to transform the US central bank
Repos key to post‑Covid balance sheet reduction – RBNZ
Assistant governor says further repo growth will support monetary policy, liquidity, capital markets
ECB funds biodiversity loss – NGO report
Reclaim Finance urges central bank to stop purchasing bonds issued by fossil fuel firms
Bank of Canada extends rate hold as trade war intensifies
Macklem says surprise uptick in growth is fragile thanks to new US tariffs and high petrol prices
Higher global yields complicate ECB’s position, Nagel says
Bundesbank president says inflation too high, and backs eurozone-wide debt earmarked for defence
Shoring up the rupee: a sticking-plaster solution?
Trying to fight movement of India’s currency against fundamentals is futile, says former RBI governor
Central bank reserve managers unnerved by Treasury market woes
Officials are unsettled but constrained as US creditor base shifts to private hands
Bessent believes BoJ will act in support of yen
‘I have information that the market doesn’t have,’ US Treasury secretary says
Will Kevin Warsh’s communications gambit pay off?
Fed chair believes less is more with comms, but experts say time is ticking on his credibility
How credible is Venezuela’s debt restructuring?
Aggressive timetable and lack of IMF involvement raise feasibility concerns for restructuring up to $240 billion of debt
Visa joins MAS’s Bloom
Payments router announces participation in multi-currency tokenised deposit and stablecoin project