CDS

CDS

Citi Is Stunned How Quickly The "Extraordinary Political Backdrop" Is Deteriorating

"These developments point to a marked increase in political risks in systemically-significant countries. At the start of the year, we flagged many of these as  well as introducing our thesis that rising Geopolitical Risks, accompanied by rising "Vox Populi" risks such as Brexit and changing US politics, were at risk of converging in new and powerful ways. Even so, we did not anticipate quite how many would transpire, let alone within such a compressed timeframe."

Global Stocks, Futures Rise On Disappointing Chinese Trade Data, Hopes For More Central Bank Intervention

In an otherwise quiet overnight session, which among other things saw Germany sell 10Y Bunds with a zero coupon and a negative yield (-0.05%) for the first time ever (despite being uncovered with just €4.038BN sold below the €5.00BN target) anyone hoping for a confirmation that China will be able to prop up the world economy once more, was left disappointed when earlier this morning China reported June exports and imports that once again dropped substantially in dollar terms as soft demand at home and abroad continued to weigh on the world’s largest trading nation.

Entire US Cyber Network Is Already Compromised, Clinton Emails Are The Least Of Our Worries

Hillary Clinton's emails and server misconduct are the least of our worries. The fact that her server was receiving files that passed through or originated on the State Department servers is enough to know she exposed her private system to hackers. Michael McCaul, a Texas Congressman and Chairman of The House Committee On Homeland Security called Clinton "careless" and said she "potentially did harm" to national security, but the truth is the US system is/was/has been compromised, for years, since before Hillary tapped in her new network

A Period Of Major Civil Unrest Looms – How To Win An Inevitable Confrontation With The Status Quo

It’s quite fitting that the shameless police murder below occurred on the exact same day that Hillary Clinton was set free by the top cops in the nation thanks solely to her position of power and influence... None of this will be lost upon a citizenry which is already seething with rage and very close to a tipping point. Increasingly, the general public is coming to the very unpleasant realization that they live in a corporate oligarchy in which they are subjects rather than citizens. The more they are pushed into a corner, the sooner they will lash out in all sorts of ways.

EU Banks Crash To Crisis Lows As Funding Panic Accelerates

The signs are everywhere - if you choose to look - Europe's banking system is collapsing (no matter what Draghi has to offer). From record lows in Deutsche Bank and Credit Suisse to spiking default risk in Monte Paschi, the panic in Europe's funding markets (basis swaps collapsing) is palpable.

Italy Bans Short-Selling In Monte Paschi For Three Months, Forgets To Ban Buying Of CDS

Consob bans for three months net short positions on Banca MPS shares - The prohibition shall apply from tomorrow 7 July 2016 until 5 October 2016 - It affects derivatives and market makers as well. The prohibition on net short positions strengthens and extends the ban to short selling adopted yesterday, as the new prohibition bans both short selling on BMPS shares and short positions taken though single stock derivatives on BMPS shares.

Italy Bans Short-Selling Of Imploding Monte Paschi

Having collapsed 99.7% from its July 2007 highs at EUR93, Banca Monte dei Paschi Siena - Italy's 3rd largest bank - is in dire straits. And in confirmation that the fecal matter is about to strike a rotating object, Italian regulators just 'temporarily' banned short-selling of BMPS stock.

Futures Stumble As Global Bond Yields Drop To All Time Lows, Precious Metals Spike

Whether it is due to the conclusion of quarter-end window dressing, or due to a more poor manufacturing data out of China overnight, but the new quarter is starting off poorly for risk with Europe flat and US equities lower, while the scramble for safety means that bond yields across the developed world just hit new all time lows as precious metals are surging once again on ongoing speculation central banks will do anything to keep markets propped up and buy up even more assets.

Global Institutions May Be Susceptible To Hackers, SWIFT Remains Vulnerable

The SWIFT rebuild will likely require the insights of an outlet such as Hyper Ledger, run by longtime Zero Hedge CDS and commodity trading icorn, Blythe Masters.  Hyper Ledger works with a consortium of organizations and corporations tasked with developing systems to offer protection for messages sent between  the worlds central banks, which will be based on blockchain technology.  A rebuild opens new concerns about the current integrity of the SWIFT platform and what problems may be lurking within it that we have yet to discover.