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☆ Gold is in its worse slump since 1869 as inflation-adjusted yields turn sharply positive, says Deutsche Bank
▼ + stars: | 2022-11-01 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Gold prices are down for seven consecutive months, the longest decline since 1869, according to Deutsche Bank. The fall in gold prices is happening as real bond yields have turned sharply higher. But Deutsche Bank analysts also noted that such a losing streak hasn't been seen in the half century that followed the US coming off the gold standard, ending the Bretton Woods currency exchange regime. Meanwhile inflation-adjusted bond yields have turned sharply higher amid aggressive rate hikes from the Federal Reserve and other central banks. Gold, however, has still outperformed most other notable assets despite the sharp decline this year, according to Deutsche Bank research strategist Jim Reid.

WASHINGTON, Oct 12 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said the global economy was facing "significant headwinds" and the United States was working to shore up its supply chains and guard against "geopolitical coercion" by Russia, China and others. "We know the cost of Russia's weaponization of trade as a tool of geopolitical coercion, and we must mitigate similar vulnerabilities to countries like China," Yellen said, underscoring Washington's determination to hold Russia accountable for its invasion of Ukraine and its initial blockade of food and energy shipments from the country. "Friend-shoring is not meant to be a tiny handful of countries. It's something that's meant to (gain) diversity...but still get the benefits of trade," Yellen said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrea Shalal and Dan Burns; Editing by Mark Porter and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Treasury's Yellen says global economy faces headwinds, warns of geopolitical 'coercion'
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Oct 12 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said the global economy was facing "significant headwinds" and the United States was working to shore up its supply chains and guard against "geopolitical coercion" by Russia and others. Yellen told an event hosted by the Bretton Woods Committee, a booster group, that Washington was working to deepen integration with the countries it could count on, including many emerging markets and developing countries, while building in more redundancies in its supply chains. "We know the cost of Russia’s weaponization of trade as a tool of geopolitical coercion, and we must mitigate similar vulnerabilities to countries like China," Yellen said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrea Shalal and Dan Burns; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ Wild UK market swings 'opportunity of a lifetime' for hedge funds
▼ + stars: | 2022-09-28 | by ( Nell Mackenzie | ) www.reuters.com time to read: +3 min

British pound coins are seen in front of displayed stock graph in this illustration taken, November 9, 2021. REUTERS/Dado Ruvic/IllustrationSept 28 (Reuters) - The wild swings seen in British markets provided an "opportunity of a lifetime" to trade currencies and bonds, hedge funds and traders said on Wednesday. The BoE said it would buy 65 billion pounds ($71 billion) of UK bonds as needed between now and Oct. 14 to stabilise markets. Taylor said he was short sterling and had been for most of the year. Year to date, hedge funds that trade on macroeconomic signals were up on average, 6.47% according to HFRX, a daily reporting index of hedge fund performance from HFR.

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