Hard hitting global and local news
Treasury yields are down again today, the 6th straight day of strengthening inversions. 30-year to FF inversion on deck.
St. Louis Fed’s James Bullard says “interest rates are in the right neighborhood”. The bond market strongly disagrees.
Despite all losses and no wins, Trump refuses to change his tariff policy. He is now a one-man show.
Negative yield debt madness accelerates. A new record high breached $15 trillion on Monday.
It’s now official. The US Treasury says China is a currency manipulator. What’s next?
Fed fund futures say a rate cut cycle has started. The Fed disagrees but will soon come to its senses.
Trump officially accuses China of being a “currency manipulator”. The market is not taking the message well.
It didn’t take long for China to retaliate against Trump’s trade war escalation. It did so by halting all US…
The Fed has convinced the market that baby step cuts are the order of the day even as the yield…
Ahead of the FOMC announcement the 10-Year to 1-Month spread was +2.2 Basis Points. The spread is now -27.5 BPs.