3+ day, 3+ hour ago   (282+ words) And yields did come down a little bit — for about a day. Then they shot right back up to where they began. The Dominos, began weeks ago with Japan. Exempt Ones, living high above prices. Millstones on The We the…...

4+ day, 43+ min ago   (499+ words) But that’s not what happened. Instead, most Treasury yields sharply jumped on the announcement. The 10-year bond yield surged to as high as 4.85%, its highest since November 2023. The 20- and 30-year bond yields surged to as high as 5.3%. When Treasuries fall,…...

1+ week, 5+ hour ago   (241+ words) Illicit Iranian funds are flowing through U.S.-dollar clearing accounts, creating an enforcement dilemma for Washington As the Trump administration tightens its economic squeeze on Iran, it faces a surprising weak link in its campaign to cut off the regime from…...

2+ week, 5+ day ago   (264+ words) And now you understand Bessent’s obsession. The entire funding base of the US government is, at the margin, LEVERED. The buyers are not holding the bonds with their own money.. they are holding them with borrowed money, rolled overnight, against…...

2+ week, 6+ day ago   (223+ words) The buyback is a supply/​liquidity fix aimed at a problem that isn’t primarily about supply or liquidity. In other words, the Treasury is trying to reduce long-term rates by restricting the supply of those bonds. But their rates have…...