MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Skybridge Capital says Bitcoin a Better Tapering Hedge Than Gold

US
  • Both are likely to rally even as the Federal Reserve moves to taper asset purchases according to Senior Portfolio Manager Troy Gayeski
  • "We're going to stick to Bitcoin and crypto because we just think there's more upside," While there's more volatility, "you're going to capture a little bit more juice than you will in gold from that same phenomenon"
  • The firm's Bitcoin fund is up 51.2% since its inception in late December through to June 1.
  • Notes all fiat currency alternatives have gone through substantial corrections and are much better placed to handle the eventual taper and gradual slowing of money supply growth.
  • Also says Gold has established a floor, and with a lot of taper concerns having been pulled out of the market, the probability of gold continuing its uptrend to make news highs over the next year is fairly high
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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