Macro

Old Mutual to ditch Zim exchange for dollar-based Victoria Falls upstart - News24

Source: News24

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DW NOTE

Old Mutual is moving its Zimbabwe listing from the Harare exchange to the Victoria Falls Stock Exchange, which settles in US dollars. When a major insurer abandons your currency-denominated bourse for a dollar platform in a tourist town, that's not portfolio optimization — that's capital fleeing the legal fiction that ZiG trades anywhere near its official rate.

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The custody question: where are central banks storing gold? - OMFIF

Saudi Oil Exports Plunge as Spread of War Shuts Off Shipping Routes - The New York Times

Bessent & Sovereign Debt Crisis

QUESTION: Marty, Bessent is plainly no trader. As you’ve pointed out, he’s spent far too long in the company of market manipulators. I remember your warning that rolling debt into shorter maturities only deepens future fragility. And as you put it, it’s Groundhog Day on repeat. So the question is: d

10-Year Yield Hits Multi-Year High, Long Bond Tops 5.3 Percent, Oil Surges

It's not a good day in the markets, Here's a recap.

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The custody question: where are central banks storing gold? - OMFIF

Saudi Oil Exports Plunge as Spread of War Shuts Off Shipping Routes - The New York Times

Bessent & Sovereign Debt Crisis

10-Year Yield Hits Multi-Year High, Long Bond Tops 5.3 Percent, Oil Surges