JGB yields, XAU, XPT, XAG !.. ⏫⏫ / USD down & BTC ⏬⏬ #MSTR / FED Dec priced, Kevin Hassett odds on

Stéphan
Dec 1
3 min read

Not a surprise... see XAGUSD, XAUUSD performance lately... and USDollar slowly weakening...Donald Trump said he’s decided on his pick for the next Fed chair after making clear he expects his nominee to deliver rate cuts. Kevin Hassett is said to be the likely choice to succeed Jerome Powell
Markets : #USDJPY in play this December.., BoJ governor signalled a rate hike is under consideration, sending Japanese government bond yields to their highest levels since 2008, 10y JGB yields 1.85 (highest since 2008, but 30 and 40y yields at 3.75% are levels never seen before..), OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026, Tether downgraded (should not be a surprise to our readers!), China to intensify crackdown on Virtual Currencies, including stablecoins, China factory activity slumps for longest stretch on record, Oracle CDS near 3y highs..!, #BTC down 4K in 2hours last night...''When leverage meets reality'' #MSTR >>>>> plenty of risk out there for Dec, crypto, eq valuations, Venezuela, Epstein and weaker USD
Trade : #GOLD US institutions are buying gold offshore. JPM moved its gold trading desk to Singapore last week. Folks are getting justifiably nervous..
Geopolitics : Rubio, Witkoff Meet Ukrainian Team in pursuit of Peace Deal
Switzerland on Sunday overwhelmingly rejected a proposed 50% tax on inherited fortunes of 50 million Swiss francs ($62 million) or more, with 78% of votes against the plan, an outcome that even exceeded the two‑thirds opposition indicated in polls
American Consumers Have Had It With High Car Prices. Shoppers are downsizing, buying used vehicles, taking on longer car loans and holding out for deals. (WSJ)
China’s Treasury holdings as a % of all foreign holdings is down to 7.6%, the lowest in 23 years