Global Central Banks drop USD swap rates - Oil launches

Tsing Tao

Tsing Tao

Crude just spiked $2 to over $101 as

FED, ECB, BOJ, BOE, SNB, BANK OF CANADA LOWER SWAP RATES - BBG
ECB, FED other major central bank to lower the pricing of existing USD liquidity swaps by 50BPS


once again, banks get saved as consumers get the shank!
 
Any bailout causes a drop in the dollar and a surge in risk.

Probably trying to goose a santa claus rally for the wall street bonuses!
 
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