#Gold: What will H2 bring ?

Gold is definitely looking weaker, but don't count it out just yet! 

#Austria 100-year #Bonds RIP

In 2020, Austria issued a government bond with a maturity date of 2120, aka Century 100-year government bond, with a coupon of 0.88%.

 

It was said:"Even though the bond has a very long maturity, its maturity profile would fit institutional investors like pension funds and insurance companies".

 

The banks mandated to handle the bond had orders of up to EURO 17.7 BN. but only EURO 2 BN. were raised.

It's all been downhill since then!

bit.ly/MasterCharts 

 

Not All Banks Are Created Equal

One year since its new CEO came in, Citigroup is right back where it was then. 

JP MORGAN hasn't fared too much better,