Kitco News
Fed Chair Powell’s keynote speech could be next catalyst for gold and silver prices – Saxo Bank’s Hansen -
(Kitco News) –Gold and silver continue to trade in tight ranges as traders await the next catalyst for price action – and Fed Chair Powell’s keynote speech from Jackson Hole on Friday is the next potential trigger, according to Ole Hansen, head of commodity strategy at Saxo Bank.
Bitcoin's $115K level is 'very expected' profit-taking, and institutional money is pouring in - Botanix Labs COO -
(Kitco News) - Bitcoin's recent 6.5% pullback from an all-time high near $124,000 is a predictable and healthy market function, not a cause for alarm, according to one industry COO.
Gold, silver down on technical selling, position evening ahead of Powell -
(Kitco News) - Gold and silver prices are lower and hit two-week lows near midday Tuesday, with silver posting solid losses. Chart-based selling from the shorter-term futures traders is featured in both metals today.
Gold performs more like luxury real estate than a commodity – Goldman Sachs -
(Kitco News) –Because gold is not consumed, but instead accumulated over time, prices are primarily driven by changes in ownership rather than the traditional supply and demand dynamics that govern other commodities, according to analysts at Goldman Sachs. In a recent research note, the analysts wrote that gold prices move more like prime Manhattan real estate than barrels of oil.
Gold prices holding steady as U.S. housing construction rises 2.5% in July -
(Kitco News) - The gold market continues to trade sideways, paying little attention to housing sector data that shows an improvement in construction activity.
Bitcoin August 19 daily chart alert - Bears gaining strength -
(Kitco News) - Tuesday, August 19—August bitcoin futures prices are lower again Tuesday. Bears are now in some technical trouble after prices last week spiked to a contract/record high and then sold off sharply to score a bearish “key reversal” down on the daily bar chart.
Gold price up a bit in quieter trading as Jackson Hole looms -
(Kitco News) - Gold prices are modestly up in early U.S. trading Tuesday. Trading in stock and financial markets is subdued early this week as market participants await a major central bank confab in the western U.S. later in the week.
Gold market analysis for August 19 - key intra-day price entry levels for active traders -
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Gold and silver forecasts revised higher, but gains will be limited - StoneX’s Rhona O’Connell -
(Kitco News) - The dog days of summer continue to take their toll on gold, as prices remain above $3,300 an ounce but struggle to attract new momentum.
Türkiye’s gold imports fall to 2023 lows despite 47% gain against the lira as investors rotate into silver -
(Kitco News) –Gold demand in Türkiye has been among the highest in the world in recent years as the country’s acute inflation crisis has driven bullion demand well above the strong global average. But this demand is flagging in 2025 under the combination of persistently high gold prices and the increasing attractiveness of silver, according to the latest data from the Turkish stock exchange.
Zero Hedge
Trump's Reset Moves Into High Gear With Stephen Miran's Fed Nomination -
Trump's Reset Moves Into High Gear With Stephen Miran's Fed Nomination
Authored by Lau Vegys via InternationalMan.com,
Recently, I wrote to you about how Trump had found “the perfect opening” to reshape the Federal Reserve when Governor Adriana Kugler unexpectedly resigned.
What I didn’t expect was how perfectly this would confirm everything we’ve been tracking about Trump’s Rese...
S&P Reaffirms U.S. Credit Rating, Citing Tariff Revenues Amid Fiscal Pressures -
S&P Reaffirms U.S. Credit Rating, Citing Tariff Revenues Amid Fiscal Pressures
S&P Global Ratings affirmed the United States’ sovereign credit ratings, saying tariff revenues under the Trump administration’s new trade policies should help cushion the fiscal impact of recent tax and spending legislation.
The ratings agency kept the U.S. at AA+/A-1+ with a stable outlook.
“The stab...
Air Support Could Be Part Of Security Guarantees For Ukraine: White House -
Air Support Could Be Part Of Security Guarantees For Ukraine: White House
Update(1450ET): White House Press Secretary Karoline Leavitt in a Tuesday afternoon press briefing confirmed that the US has ruled out sending American troops to uphold a future potential peace deal to end the Ukraine war based on 'security guarantees'. However other military options haven't been ruled out. F...
Pricing In 'Recession Fear' - Goldman Says It's Harder To Find New Macro Tailwinds -
Pricing In 'Recession Fear' - Goldman Says It's Harder To Find New Macro Tailwinds
Goldman Sachs' view in recent months has been that the market could probably continue to climb the “wall of worry”.
However, their baseline forecast is still quite benign - with growth recovering in 2026 and the Fed pushing the policy rate steadily lower in the coming months.
There are pockets of ...
Justice Delayed: New York Appellate Court Reportedly Split Over Trump Civil Fraud Judgment -
Justice Delayed: New York Appellate Court Reportedly Split Over Trump Civil Fraud Judgment
Authored by Jonathan Turley,
Some of us have expressed frustration with the ridiculous delay in the appellate court review of the absurd civil judgment against Donald Trump.
It appears to have entered some judicial black hole where neither light nor an opinion can escape.
Now, the Wall St...
DOJ To Start Producing Epstein Files To Congress -
DOJ To Start Producing Epstein Files To Congress
Via Headline USA,
The Justice Department has agreed to provide to Congress documents from the Jeffrey Epstein sex trafficking investigation, a key House lawmaker said Monday in announcing a move that appears to avert, at least temporarily, a potential separation of powers clash.
The records are to be turned over starting Friday t...
President Trump Addresses Backfiring Green Policies Sparking Mid-Atlantic Power Bill Crisis -
President Trump Addresses Backfiring Green Policies Sparking Mid-Atlantic Power Bill Crisis
President Trump weighed in on the Mid-Atlantic power crisis on Truth Social early Tuesday, echoing our warnings last week about the fallout from Democrats' multi-year "green" crusade to replace reliable, low-cost fossil fuel power plants with unreliable solar and wind amid power demand surg...
Tri-ing It On -
Tri-ing It On
By Benjamin Picton of Rabobank
European leaders, including Volodymyr Zelenskyy, convened at the White House yesterday to discuss plans for peace in Ukraine. In defiance of the European position, President Trump reiterated that he is not interested in temporary ceasefires and will instead push for a lasting settlement. That will likely include “exchanges of territory”...
Hamas Agrees To Ceasefire-Hostage Release Deal With Israel -
Hamas Agrees To Ceasefire-Hostage Release Deal With Israel
Authored by Debra Heine via American Greatness,
Hamas has agreed to a new proposal for a ceasefire-hostage release deal with Israel.
The “comprehensive two-stage plan” was based on a framework advanced by US envoy Steve Witkoff and presented to Hamas by Qatari and Egyptian mediators, according to the BBC.
It would see...
Europe To Spend $100BN It Doesn't Have, To Buy Weapons America Doesn't Have, To Arm Soldiers Ukraine Now Lacks -
Europe To Spend $100BN It Doesn't Have, To Buy Weapons America Doesn't Have, To Arm Soldiers Ukraine Now Lacks
Part of Zelensky's motive for wearing a suit Monday to the White House has become clearer with fresh reporting in the Financial Times, which reviewed a document showing Ukraine will promise to buy $100 billion of American weapons financed by Europe in a bid to obtain robus...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
Gold gains traction in Islamic investing as rally spurs interest -
By Yihui XieBloomberg Newsvia News24, Cape Town, South AfricaMonday, August 18, 2025
In a small town an hour's drive from Malaysia's capital, a new, high-security vault illustrates the growing popularity of gold products and services designed to cater to Islamic principles.
Run by a subsidiary of Loomis AB, the Swedish cash- and bullion-handling company, together with local security firm E2S Gr...
Gold, not canola or coal, is China's top import from Canada, at least according to China -
China is the world's leading gold-producing country, so why does it need to import gold from Canada? Is it because China sees gold as the world's once and future money?
* * *
By Steven ChaseThe Globe and Mail, TorontoMonday, August 18, 2025
Gold bullion from Canada makes up a far greater portion of Chinese gold imports than is generally understood outside of China, according to data from the A...
The $1-billion gold mine bringing death to desperate villagers in Tanzania -
By Jack DentonThe Sunday Times, LondonSunday, August 17, 2025
NYAMONGO, Tanzania -- It was the middle of the night and Chacha was bound hand and foot, hanging upside down from a bridge spanning the crocodile-infested Mara River.
He was there because of the gold.
Masked men had abducted Chacha from Nyamongo, a village near the North Mara gold mine, one of Tanzania's largest. He was transferred b...
Uganda targets higher exports with first big gold mine (owned by China) -
By Elias BiryabaremaReutersSunday, August 17, 2025
KAMPALA, Uganda -- Uganda has inaugurated its first large-scale gold mine, a $250 million Chinese-owned project in the country's east that will also refine the bullion to 99.9% purity, according to a statement from the president's office.
The landlocked east African country, which has a variety of minerals including copper, cobalt, and iron ore...
Another gold rush could bring open pit mines to South Dakota's Black Hills -
By Sarah RazaAssociated PressSaturday, August 16, 2025
SIOUX FALLS, South Dakota -- A gold rush brought settlers to South Dakota's Black Hills roughly 150 years ago, chasing the dream of wealth and displacing Native Americans in the process.
Now a new crop of miners driven by gold prices at more than $3,000 an ounce are seeking to return to the treasured landscape, promising an economic boost w...
Wolf Street
Credit Card Delinquencies, Balances, Burden, Credit Limits, and Collections in Q2 2025 -
Our Drunken Sailors and their Credit Cards.
The Most Splendid Housing Bubbles in America, July 2025: The Price Drops & Gains in 33 Large Expensive Metros -
Home prices fell YoY in 20 of our 33 metros: Tampa, Austin, Miami, San Diego, San Jose, San Francisco, San Antonio, Dallas, Phoenix, Orlando, Atlanta, Denver, Raleigh, Houston, Seattle… Some still up YoY: Boston, Chicago, New York, Philadelphia…
My Thoughts about those July Retail Sales -
Drunken Sailors going about their lives, spending money, moving the economy forward.
Legal Tender News
CoinDesk
U.S. Federal Reserve's New Supervision Chief Sold on Bringing Crypto to Finance -
The Fed vice chair who leads banking oversight, Michelle Bowman, comes across as a crypto evangelist as she echoes industry views on its regulatory needs.
Best Crypto Investment Ideas According to CEO of $1.6T Asset Manager Franklin Templeton -
Jenny Johnson said she likes the “picks and shovels” of the industry.
Scaramucci's Skybridge Capital to Tokenize $300M in Hedge Funds on Avalanche -
The investment management firm is bringing two of its hedge funds on-chain in partnership with Apex Group's Tokeny.
Ripple’s Global Co-Head of Policy on Four Best Practices for Digital Asset Custody -
Ripple distills a Singapore workshop into four custody best practices: compliance by design, tailored models, operational resilience and governance.
Bullish's $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market -
Stablecoins used in the settlement include dollar- and euro-pegged tokens of Circle, Paxos, PayPal, Ripple and Societe Generale, among others.
Senate Banking Chair Tim Scott: 12-18 Dems May Vote for Market Structure Bill -
The Senate only has a discussion draft out on market structure legislation so far, but Scott previously said he expects the bill to be done by the end of September.
HBAR Drops 2.5% After Breaking Key Support Levels -
The token broke through key support levels in volatile trading after hotter-than-expected U.S. inflation data spurred $460 million in crypto liquidations.
ICP Weakens as Selling Pressure Builds Near Critical Support -
Internet Computer Protocol trades lower with volume spikes signaling institutional distribution and retail weakness.
Bitcoin Drops Below $114K, Ether Loses $4.2K as Jackson Hole Speech Might Bring Hawkish Surprise -
The bubble in crypto treasury strategy companies deflated even further on Tuesday.
Robinhood Partners With Kalshi to Launch NFL and College Football Prediction Markets -
The new offering follows the success of Polymarket-style event trading, but with CFTC-regulated contracts in the U.S.
bitcoin.com
Corporate Ether Holdings at Sharplink Surge to Over 740,000 ETH -
Sharplink Gaming, Inc. has significantly expanded its ethereum ( ETH) holdings, reporting a total of 740,760 ETH in its corporate treasury as of Aug. 17. Sharplink’s Ether Buying Spree Continues The company disclosed that it acquired 143,593 ETH last week, spending a net average of $4,648 per token. This aggressive purchasing was funded by substantial […]
Bitcoin and Stocks Tumble in Tandem -
Both crypto and stock markets were down on Tuesday afternoon and the only metric rising was bitcoin’s correlation with the S&P 500. Gloomy Sentiment Sends Bitcoin and Stocks Down Together Bitcoin ( BTC) fell below $113K on Tuesday and stock markets were no better, plunging into the red across the board and hinting at a […]
Knots Revolt: Nearly 4,000 Nodes Aim to Defy Bitcoin Core’s New Rules -
Over the past two months, debate has flared over Bitcoin Knots as an alternative to Bitcoin Core, with tensions building ahead of the Core v30 release (planned for Oct. 2025). The update removes certain data caps, drawing criticism for allowing more non-financial entries often described as “spam.” The Great Bitcoin Client Divide At its core, […]
R0AR Announces Node Sale: Democratizing Layer 2 Infrastructure While Rewarding Community Participation -
This content is provided by a sponsor. PRESS RELEASE. Sheridan, USA, August 19th, 2025, Chainwire. A First-of-its-Kind Node Sale Enables Community Ownership of High-Performance DeFi Infrastructure on Optimism Superchain R0AR, the leading unified DeFi super-app built on Optimism’s OP Stack, today announced its Node Sale program, enabling global participants to own and operate critical infrastruc...
Nakamoto Holdings Expands Bitcoin Hoard to 5,765 BTC in Major Acquisition -
On Aug. 19, 2025, KindlyMD, Inc. revealed it acquired 5,743.91 bitcoin ( BTC) for approximately $679 million through its subsidiary, Nakamoto Holdings, Inc. This significant purchase, executed at a weighted average price of $118,204.88 per BTC, marks the company’s first acquisition of the leading cryptocurrency since completing a recent merger. KindlyMD’s Nakamoto Holdings Allocates $679M […]
Reason
Sanctions Decision as to Rape Allegations Against Comedian Druski, in Case Also Involving Sean Combs (P. Diddy) -
"After the lawsuit was filed, Desbordes' [Druski's] counsel sent Plaintiffs' counsel evidence, including debit card records and phone records, showing that it was virtually certain that Desbordes was in Georgia at the time of the alleged rape, and thus could not have participated in the assault." "Yet, at the hearing on the motion for sanctions, Plaintiffs' counsel expressly stated Plaintiffs '...
Nova Scotia Bans Everyone From Hiking in the Woods Until October -
The province says this will prevent forest fires. Those who violate the ban will face a $25,000 fine.
Trump's Plans for Intel Take a Page From Bernie Sanders' Playbook -
Turning Intel into the chipmaking equivalent of Amtrak is unlikely to be good news for American taxpayers or the company itself.
Trump's Ineffective D.C. Crackdown: Nearly 2,000 Officers Made Fewer Than 400 Arrests in 10 Days -
And a lot of those were for drug possession, gun possession, and other minor offenses.
Risk of Professional Blacklisting in Hollywood Can't Justify Pseudonymity in Lawsuit Against Production Company -
From Thursday's decision by L.A. Superior Court Judge Gary Roberts in Doe v. A La Carte Productions, LLC: The…
The post Risk of Professional Blacklisting in Hollywood Can't Justify Pseudonymity in Lawsuit Against Production Company appeared first on Reason.com.
What If Fewer Americans Drinking Is a Bad Thing? -
Moderate drinking might be bad for you. But it's also pretty fun.
Rob Manfred Can't Fix Baseball. But These 4 Changes Might. -
Plus: College football insanity, fans jailed in Venezuela, and the benefits of betting
What Will Israel Do? -
Plus: LLM limitations, Adams sues campaign finance board, when public schools indoctrinate kids, and more...
All You Need Is Love (and Deregulation) -
Building our way to affordable cities does not require a government-led "post-neoliberal" approach to housing development.
Plaintiff Had Alleged He Was Called a "Haitian N****" -
From an opinion by Judge Steve Jones (N.D. Ga.) in Lenord v. Racetrac, Inc., decided a year ago but just…
The post Plaintiff Had Alleged He Was Called a "Haitian N****" appeared first on Reason.com.
Cato Institute
Tenth Amendment Center
Here’s Why the Feds Can’t Use Federal Funding to Coerce States -
While the feds do have the authority to disperse money, the anti-commandeering doctrine limits the federal government’s ability to use funding in a coercive manner.
The post Here’s Why the Feds Can’t Use Federal Funding to Coerce States first appeared on Tenth Amendment Center.
Who are the Militia? YOU. -
George Mason said the militia consisted of the whole people. Today, that definition has been twisted, ignored, or totally forgotten. Talk about militia and most people will look at you like some kind of fringe nutjob. But the founders saw the militia as a highly armed and trained general population that was essential to the security and liberty of a free republic. In this episode, we dig into w...
When States Had Backbone: The Militia Showdown They Never Teach -
Does the federal government have unilateral power to call forth the militia? During the War of 1812, New England states not only said no, but they used the principles of the 10th Amendment to actively interpose and resist federal demands for mobilizing the militia.
The post When States Had Backbone: The Militia Showdown They Never Teach first appeared on Tenth Amendment Center.
Electronic Frontier Foundation
Victory! Pen-Link's Police Tools Are Not Secret -
In a victory for transparency, the government contractor Pen-Link agreed to disclose the prices and descriptions of surveillance products that it sold to a local California Sheriff's office.
The settlement ends a months-long California public records lawsuit with the Electronic Frontier Foundation and the San Joaquin County Sheriff’s Office. The settlement provides further proof that the survei...
Victory! Ninth Circuit Limits Intrusive DMCA Subpoenas -
The Ninth Circuit upheld an important limitation on Digital Millenium Copyright Act (DMCA) subpoenas that other federal courts have recognized for more than two decades. The DMCA, a misguided anti-piracy law passed in the late nineties, created a bevy of powerful tools, ostensibly to help copyright holders fight online infringement. Unfortunately, the DMCA’s powerful protections are ripe for ab...
From Book Bans to Internet Bans: Wyoming Lets Parents Control the Whole State’s Access to The Internet -
If you've read about the sudden appearance of age verification across the internet in the UK and thought it would never happen in the U.S., take note: many politicians want the same or even more strict laws.
As of July 1st, South Dakota and Wyoming enacted laws requiring any website that hosts any sexual content to implement age verification measures. These laws would potentially capture a broa...
Electronic Privacy Information Center
The Institute For Justice - Press Releases
Public Interest Law Firm Calls on New Orleans City Council to Reject Unconstitutional, Mass Surveillance Law -
ARLINGTON, Va.—Today, the Institute for Justice (IJ) sent a letter to city officials in New Orleans, Louisiana, calling on them to cease all efforts to […]
The post Public Interest Law Firm Calls on New Orleans City Council to Reject Unconstitutional, Mass Surveillance Law appeared first on Institute for Justice.
US Citizen and Army Veteran Submits Claims for Unconstitutional Immigration Detention -
LOS ANGELES—George Retes, a U.S. citizen and Iraq War veteran, was detained by Immigration and Customs Enforcement (ICE) and other federal agencies for three days […]
The post US Citizen and Army Veteran Submits Claims for Unconstitutional Immigration Detention appeared first on Institute for Justice.
New Nationwide Campaign Seeks to Stop Warrantless Use of License Plate Reader Cameras -
ARLINGTON, Va.—Today, the Institute for Justice (IJ) announced the launch of a nationwide campaign to push back against the arbitrary and unrestrained use of automatic […]
The post New Nationwide Campaign Seeks to Stop Warrantless Use of License Plate Reader Cameras appeared first on Institute for Justice.
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
Second Amendment Champion AG Andrew Bailey Named FBI Co-Deputy Director, GOA Responds -
Second Amendment Champion AG Andrew Bailey Named FBI Co-Deputy Director, GOA Responds FOR IMMEDIATE RELEASE August 19, 2025 Washington, D.C. – Gun Owners of America (GOA) is excited to see the appointment of Missouri’s Attorney General to Co-Deputy Director position of the FBI. AG Bailey, who was a speaker at GOA’s inaugural GOALS conference in Knoxville last August, is a staunch supporter … R...
Help End the NFA — Buy a GOA Gun to Fund the Fight! -
PSA Produces Limited Run of GOA-Branded AR-15s — Each purchase brings the end of the NFA closer Palmetto State Armory has recently produced an AR-15 lower that will help bring an end to the NFA. For nearly a century, the unconstitutional National Firearms Act has suffocated your Second Amendment rights, weaponizing bureaucracy against law-abiding gun owners. Now, with the $200 … Read more
PA: Stop the “Glock Switch” Ban -
Republicans Siding with Anti-Gun Democrats to Ban “Machine Gun Conversion Devices” I am disappointed to report that some PA Senate Republicans are siding with anti-gun Democrats to ban so-called “Glock switches.” To refresh your memory, “Glock switches” are designed to modify a Glock handgun to convert it to full-auto fire. If you don’t know, “Glock switches” are regulated under the … Read more...
Banking Dive
American Banker
Advocates want Congressional hearings on open banking rule -
Consumer advocates are urging lawmakers to hold hearings on the Consumer Financial Protection Bureau's new open banking rule and whether Congress authorized banks to charge fees for data access.
Ex-Regions worker accused of theft, banned from banking -
Markel O'Neal Calhoun, a former Regions Bank employee, has been barred from ever working in the industry again after embezzling $17,981, according to the Federal Reserve.
Fed's Bowman: Banks, regulators must embrace emerging tech -
Fed Vice Chair for Supervision Michelle Bowman warned that focusing too much on technology risks could make banks lose relevance with customers.
Sen. Scott thanks crypto industry for unseating Sherrod Brown -
Senate Banking Committee Chairman Tim Scott, R-S.C., asked crypto firms to keep spending in elections, and said that they "literally" put Bernie Moreno, Sherrod Brown's successor in Ohio, in the Senate.
FDIC proposal would permit less signage in bank apps -
The Federal Deposit Insurance Corp. proposed a rule Tuesday that would allow banks to remove FDIC insurance labels except on initial webpages and no longer require alerts warning customers that non-deposit products are not insured.
Bank of International Settlements
An approach to anti-money laundering compliance for cryptoassets -
by Iñaki Aldasoro, Jon Frost, Sang Hyuk Lim, Fernando Perez-Cruz, Hyun Song ShinExisting anti-money laundering (AML) approaches relying on trusted intermediaries have limited effectiveness with decentralised record-keeping in permissionless public blockchains.
The public transaction history on blockchains can enable AML and other compliance efforts, such as FX regulations, by leveraging the pr...
Macroeconomic impact of tariffs and policy uncertainty -
by Emanuel Kohlscheen, Phurichai Rungcharoenkitkul, Dora Xia, Fabrizio ZampolliTariffs affect economies most directly through trade volume and prices. Tariffs lower output growth everywhere, though the magnitude varies by country and scenario. They also tend to raise inflation, most notably in the imposing countries.
Tariffs have indirect effects, including exchange rate shifts, supply chain d...
Comparing search and intermediation frictions across markets -
by Gabor Pinter, Semih Üslü, Jean-Charles WijnandtsWe develop a two-asset search-and-bargaining model of OTC trading to estimate frictions and welfare losses in the UK government and corporate bond markets. Using transaction-level data and a matched client sample, we find that both trading delays and intermediation frictions are more pronounced in corporate bonds. Welfare losses due to these fr...
Federal Reserve - Press Releases
FDIC - Press Releases