With the value of Venezuela’s largest banknotes reduced to a few U.S. cents by triple-digit inflation and the currency’s collapse on the black market, the country’s central bank said it will begin circulating higher-denomination notes this month.

New denominations including bills of 500, 1,000, 2,000, 5,000, 10,000 and 20,000 bolivars will start appearing at banks from Dec. 15, according to a Central Bank statement, adding that coins of 10, 50, and 100 bolivars would also be released. Bloomberg News first reported the plans for larger bills on November 30.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Venezuela to Issue Bigger Bills This Month as Currency Plunges

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Last week we showed that the 10Y was on the cusp of breaking out above the most critical trendline of this decade. Well, following today’s largely illiquid surge in the dollar and selloff in the Treasury complex, briefly halted by the steller 7Y auction mid morning, the trendline has been officially broken.

Read the Full Article: Source – Zero Hedge
Time For Truth: (Zero Hedge) – The Most Important Bond Trendline Is Broken: "Now It Gets Interesting"

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Mexico’s wealthiest person lost $5.1 billion in the wake of Donald Trump’s stunning upset over Democratic rival Hillary Clinton. Carlos Slim, who is fifth-richest in the world, shed 9.2 percent of his fortune after the peso dove as much as 12 percent on the news.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – The World's Richest People Lose $41 Billion on Trump's Win

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German officials could be about to find themselves in an uncomfortable position: Being called on to show they’re ready to rescue a bank in a part of the world where such operations are considered taboo.

Deutsche Bank came under intensified market fire Thursday, the latest salvo being a Bloomberg report that a small number of hedge funds are trimming their sails at the German bank.

Read the Full Article: Source – CNBC
Time For Truth: (CNBC) – Pressure is building for Germany to show it's ready to rescue Deutsche Bank

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