Week InReview: December 22, 2017

In case you missed it . . . 'Last look' gets thumbs down in updated currency-market guidelines Central bankers and industry participants made their strongest statement yet against the use of last look, the controversial practice in currency trading that allows dealers to back out of losing trades (Dec 19) | Blue chips drive borrowing binge to record $6.8tn in 2017 Corporate and sovereign debt climbs despite rate tightening ahead (Dec 19) | Court rules for lawsuit against stock exchanges to proceed Class-action suit alleges that Nasdaq, NYSE and others favor high-frequency trading over slow-moving investors (Dec 19) | Yield curve inversions and stocks are a toxic mix Every time since the mid-1970s that long rates have fallen below short rates, the S&P 500 has experienced a double-digit drawdown. | Stay on close watch for potential political shocks Markets can misprice elections and as monetary policy tightens, the impact could grow (Dec 18)

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