The post Mexican Peso: High real yields underpin MXN demand – Rabobank appeared on BitcoinEthereumNews.com.
Rabobank strategists Christian Lawrence and Molly Schwartz note that despite Moody’s downgrade of Mexico to Baa3, 10-year MBono yields have fallen and markets remain relaxed about Mexico’s investment-grade status. They highlight Mexico’s high real yields, Banxico’s likely hold at 6.50%, fading correlations, subdued USD/MXN volatility, constructive positioning and limited reliance on July seasonals. Carry supports stable peso “Despite Moody’s cutting Mexico to Baa3 (one notch above junk), 10-year MBono yields are 36bp lower than before the downgrade. Markets appear unconcerned about a near-term loss of investment-grade status, with S&P still rating Mexico three notches above junk.” “Mexico continues to benefit from some of the highest real yields globally (>5%), second only to Brazil, supporting demand for MBonos and Cetes. We expect Banxico to remain on hold at 6.50% and the 10-y
The post Tiger Woods’ Third Cabo Golf Course Anchors New $300,000 Private Club appeared on BitcoinEthereumNews.com.
Tiger Woods (left) and Ken Jowdy, the CEO and founder of Diamonte Cabo San Lucas, on site at the third course from TGR Design at the oceanfront community in Mexico. Diamante Cabo San Lucas The third course designed by Tiger Woods at the master-planned oceanfront community of Diamante Cabo San Lucas in Mexico is set to open during the first quarter of 2027, with the Legacy Course anchoring (and accessible only to) a new private golf and recreation club limited to just 250 families. The 18-hole Legacy Course, which is currently in the grassing-in stage, is the centerpiece to Diamante’s premier real estate offering: Legacy Club, which features an owner-exclusive collection of custom residences, turnkey villas and condos with a starting price of at least $2 million. Woods has the first completed home within the Legacy Founder Estates collection, with only four of the 14 total
The post United Kingdom: Market watching Burnham – Rabobank appeared on BitcoinEthereumNews.com.
Rabobank’s Senior FX Strategist Jane Foley discusses UK political dynamics, noting Burnham’s likely unchallenged path to becoming Prime Minister on July 20 and his popularity within Labour. Foley stresses Labour’s weak polling position, tight public finances, tax constraints and uncertainty over the choice of Chancellor as key factors for market sentiment and potential gilt market anxiety. Burnham’s agenda and fiscal constraints “A messy Labour leadership election this summer, would probably not have served anyone well. Although there is a July 17 deadline for other Labour MPs to declare their candidacy for party leaders, it would appear that Burnham will be unchallenged allowing him to take the reins on July 20. The relatively smooth transition will come as a relief to market.” “Also, the popularity of Burnham within Labour may also be a good omen given the deep party factions which Starme
The post British Pound: Pound resilience faces political risks – Rabobank appeared on BitcoinEthereumNews.com.
Rabobank’s Senior FX Strategist Jane Foley highlights that the British Pound (GBP) has been a strong G10 performer this year, supported by sticky United Kingdom (UK) inflation, Bank of England (BoE) rate expectations and inbound M&A flows. However, Foley warns that excess economic capacity, high government debt and political uncertainty around Burnham’s incoming Labour government and fiscal stance could weigh on GBP, with EUR/GBP seen higher by year-end. Feel good for now “The pound is the second best performing G10 currency in the month to date after the NOK. In the year to date the pound is fourth place in the G10 performance table. The UK’s recent history of sticky inflation and the swing in short-term interest rates at the start of the Iran war to pricing in BoE rate hikes can partly explain GBP’s resilience.” “Despite this month’s better tone, we don’t see GBP as being fr
England's quarterfinal clash with Norway highlights the unpredictable nature of World Cup outcomes, emphasizing strategic adaptability's importance.
The post England to face Norway in World Cup quarterfinal after 3-2 win over Mexico appeared first on Crypto Briefing.
The post US Dollar: Reserve role questioned appeared on BitcoinEthereumNews.com.
Rabobank strategist Michael Every discusses contrasting views on the Dollar’s global role. Every cites Adam Tooze’s argument that the USD is now a “profit dollar” backed by rising asset prices, and counters that dismissing Dollar holdings on that basis is odd without an alternative Hamiltonian neomercantilist framework, underscoring realpolitik between financialisation and production. Debate over Dollar’s reserve status “Contrast that with the argument made by Adam Tooze in the Financial Times that the USD is no longer a global reserve FX but just a “profit dollar” backed by rising asset prices.” “There’s a vast realpolitik difference between financialisation and production but arguing one shouldn’t hold dollars because US assets appreciate is rather odd absent a counterargument for Hamiltonian neomercantilism which many, if not all, critics of the US also reject as the solution.” “See the op-ed today in t
Liverpool's pursuit of Mora highlights Liga MX's growing reputation as a talent source, impacting European clubs' scouting strategies.
The post Liverpool eyes $20M move for Mexico’s 17-year-old World Cup breakout star Gilberto Mora appeared first on Crypto Briefing.
The post New Hampshire Bitcoin bond heads to $100M public hearing appeared on BitcoinEthereumNews.com.
New Hampshire officials will review a proposed $100 million Bitcoin-backed bond at a public hearing on July 8, according to the Governor and Executive Council agenda. Summary New Hampshire could clear a Bitcoin-backed bond using private collateral, not direct taxpayer funding exposure. Moody’s Ba2 rating places the deal below investment grade as Bitcoin volatility remains central risk. The July hearing follows New Hampshire’s earlier Bitcoin reserve law and November bond approval decision. The item sits under the state’s Business Finance Authority, which approved the structure in November 2025. The proposed taxable revenue bonds would support NH CleanSpark Borrower Trust 2026-1, a New Hampshire investment trust tied to Bitcoin acquisition. The agenda says the proceeds would help finance Bitcoin purchases and cover expenses linked to issuing the bonds. Bond uses private collateral The
