Business

Increasingly some of the more prominent sellside analysts appear to be picking and choosing ideas from their competitors. Earlier, it was JPM echoing Goldman's reco when it cut its 10Y yield forecast. Now, in a note previewing the outcome of this week's OPEC meeting and proposing a way forward for OPEC, Goldman's Damien Couravlin adopted the "backwardation" idea presented last week by Morgan Stanley's Francisco Blanch.

Bitcoin is up almost 15% today, breaking through $2000, $2100, and now $2200.

It's been quite a ride...

As CryptoCompare's founder Charles Hayter notes, there are numerous drivers for this sudden surge in the virtual currency...

• Bitcoin is trading at a $400, or 19%, premium on Japanese Markets as Bitcoin fever takes hold.

• The USD-BTC markets are trading at $2150 whilst the JPY-BTC pair is trading at the equivalent of $2550.

Just one day after Goldman reluctantly cut its 2017 year end forecast on the 10Y yield last Friday from 3.00% to 2.75%, "reflecting some added uncertainty on the US macro outlook" while conceded that "bond bears", i.e., those clients who have listened to it, "have had a difficult 2017" it was JPMorgan's turn, and over the weekend JPM announced it was adjusting its US rate forecast "significantly lower", slashing its year end 10Y yield target to 2.75% from 3%, reflecting “a weaker outlook on core inflation and reduced expectations around tax reform and infra

Authjored by Michael Snyder via The Economic Collapse blog,

The key highlights in the coming week are the Fed minutes, the Eurogroup meeting on Greece, the OPEC meeting and Bank of Canada rate decision. We also get GDP releases in the US, Eurozone, and UK, while a murder (or gaggle) of Fed speaker will highlight virtually every single day, starting with 4 today. Also there will be monetary policy meetings in Colombia, South Africa, Korea, Hungary, Thailand and Ukraine. Ratings in Kuwait&Qatar