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Money and Finance

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Audible Clips... For those who listen to audiobooks on Audible, THIS is a nice new feature.

Japan 10-Year Yield Drops to Record, Below Negative Deposit Rate (LINK)
Investors at home and abroad can’t get enough 10-year Japanese government bonds, driving the yield to an unprecedented minus 0.135 percent. 
Yields sank across the curve Friday after the Bank of Japan’s operation to buy long-term debt met the lowest investor participation on record, spurring what Bank of America Merrill Lynch strategist Shuichi Ohsaki called “panic buying.” The yield on the benchmark 2026 notes sank as much as 8 1/2 basis points Friday to below the minus 0.1 percent deposit rate introduced by the central bank last month, while that on 20-year securities tumbled more than 10 basis points to an unprecedented 0.29 percent.
Europeans, Rejoice! The ECB Is Cancelling Your Debt! - by Richard Duncan (LINK)

The FT's special report on watches and jewellery (LINK)
We have a comprehensive Baselworld guide to the key trends in watches and jewellery, plus the Hatton Garden heist’s untold story, smartwatch legal battles and 3D printing.
Quote of the day, from Doris Kearns Goodwin, Presidential Historian, on Charlie Rose in December 2005 (~4:59 mark):
I think [that] when we look at who we are going to elect for President, we really should look at their temperament...For example, Lincoln had this most amazing set of emotional strengths...He was the kind of person who, when he made a mistake, he learned from it; he acknowledged it immediately. He shared credit with other people when something went well. When something went wrong in the Administration, he would shoulder responsibility for blame. If he were mad at somebody, he'd write a hot letter, wait for his emotions to cool down, and never need to send it...He would say, 'Yes, I've changed my mind on something, I'd like to believe I'm smarter today than I was yesterday.' It's so simple...





- Links
Ginni Rometty, chairman and CEO of IBM, on Charlie Rose (video) (LINK) A breakdown of some of Michael Burry's posts on the Silicon Investor message boards from the late 90's (LINK) The great bond conundrum (LINK) AT THE start of 2015, the yield...

- Links
Part 1 of Phil DeMuth's Daily Journal Annual Meeting notes [H/T Will] (LINK) Switzerland becomes first to sell 10-year debt at negative yield (LINK) Switzerland has become the first country to sell benchmark 10-year sovereign debt at a negative yield,...

- Bond Hubris Overwhelms Fed In Riskiest Credit-market Sectors
Bond investors trying to divine when the Federal Reserve will reduce its unprecedented monetary stimulus are increasingly looking to the riskiest parts of the debt market, which are booming like before the financial crisis. The amount of loans made this...

- Top Japan Bank Plans For Jgb Sell-off, No Near-term Shift Seen
Thanks to Will for passing this along. (Reuters) - Japan's top banking group, Mitsubishi UFJ Financial (8306.T), has drawn up a contingency plan that flags 2016 as the time when the nation's current account may slide into deficit and trigger a...

- Recent Dividend Increases
Dividend investors would be wise to focus not just on a stock's current yield, but also on the long-term growth potential of its dividends. That's because strong businesses that consistently raise their dividend payouts reward shareholders with...



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