Russia To Reduce US Dollars In National Wealth Fund As Putin’s De-Dollarization Continues

Russia’s de-dollarization effort is full steam ahead, in line with President Putin’s commitment to reduce the country’s vulnerability to the continuing threat of US sanctions. Crossing the wires early Wednesday morning, Russian Deputy Finance Minister Vladimir Kolychev was quoted by Reuters as saying the Russian sovereign wealth fund will reduce US Dollars and is considering…

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“It’s As If JPMorgan And Goldman Vanished…”

The equity-ification of the bond market has been closely followed by Bloomberg News and other financial journalists. Unfortunately for the big banks, it’s a trend that has largely been led by fintech firms like TradeWeb and Bloomberg. Many corporate bonds from investment grade to deep in the speculative territory can be found trading on-the-run on…

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