News links of interest …
Prime broker. Equiti Capital, a subsidiary of Equiti Group, announced today that its FX Desk has onboarded NatWest Markets as another Prime Broker. Equiti Capital Appoints Another Prime Broker In NatWest Markets (fxempire.com)
Banks. Two regional banks in Japan’s northern prefecture of Aomori said they were considering consolidating, joining a flurry of lenders seeking to survive amid narrowing margins from a rapidly ageing population and ultra-low interest rates. Two Japanese regional banks eye tie-up to fight margin pressures | Nasdaq
Foreign exchange. In criticisms of Federal Reserve actions, legendary investor Stanley Druckenmiller highlighted the case for bitcoin to replace the dollar. Legendary Investor Stanley Druckenmiller: USD Will Lose World Reserve Currency Status | Nasdaq
Foreign exchange rates of interest …
| Currency Pairs | Rates as of 8:32 pm EST 11 May 2021 |
| EUR/USD | 1.2146 |
| GBP/USD | 1.4137 |
| AUD/USD | 0.7838 |
| USD/CAD | 1.2095 |
| USD/JPY | 108.6300 |
| USD/NOK | 8.2568 |
| USD/CHF | 0.9034 |
| USD/SEK | 8.3206 |
| USD/MEX | 19.9520 |
| Selected Rates | |
| Fed Funds | .05 |
| Bank prime rate | 3.25 |
| Fed Funds target rate | .25 |
| 2-yr Treasury | .16 |
| 10-yr Treasury | 1.63 |
| 30-yr | 2.35 |
Alton Drew, Consiglieri 