Eastern Caribbean Securities Exchange
Yesterday, on the Regional Government Securities Market, the Government of the Commonwealth of Dominica issued a 91-day Treasury bill raising $20 million. The pricing methodology used in the issue resulted in a discount rate of 3.96050%.
Today, the Government of Antigua and Barbuda is expected to auction a 180-day Treasury bill at EC$10 million at a maximum rate of 4%.
There were no trades yesterday on the Eastern Caribbean Securities Exchange.
Links to follow …
Banks. “US macro policy and, indeed, the very role of government in the economy, is undergoing its biggest shift in direction in 40 years. In turn we are concerned that it will bring about uncomfortable levels of inflation.” — Deutsche Bank. https://thehill.com/opinion/finance/557743-deutsche-bank-issues-dire-economic-warning-for-america
Banks. Overdraft fees remain a money-making machine for banks and a devastating financial gotcha for poor families and communities of color. https://www.freep.com/story/money/personal-finance/susan-tompor/2021/06/11/ally-bank-pnc-huntington-launch-overdraft-ideas-industry-criticized/7581786002/
Banks. Today the Swiss National Bank announced it’s participating in a wholesale central bank digital currency (CBDC) trial with the Banque de France, and the BIS Innovation Hub. The solution aims to use the digital Swiss Franc and digital Euro to settle cross border trades for financial instruments such as stock or bonds on a blockchain. The central banks don’t want the tests to be interpreted as a decision to launch a CBDC. https://www.ledgerinsights.com/central-banks-of-switzerland-france-in-wholesale-cbdc-trial/
|Currency Pairs||Rates as of 11:30 am AST 11 June 2021||Rates as of 11 June 2020||Change in rates|