"The buyback operation is effectively similar to the Fed’s operation twist. Treasury would have to issue more Bills to finance the removal of duration from the market. As this eases financial conditions, it would arguably necessitate an offsetting tightening from the Fed."
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Bessent panics and confirms that "Not QE" Treasury buybacks were, in fact, QE all along
White House sets in for "strangle them" over time strategy...
"This will give everyone direct access to the foundational FDA authorization to accelerate its development as a medical treatment in the US..."
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La-Z-Boy is another canary in the coal mine, warning that America's frozen
...crude stocks rose for the 3rd straight week, distillates inventories drewdown for the 3rd straight week...
The 'risk' markets are pricing the destination. The bond market is still pricing the starting point...
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Frustration returns at the pumps as restrictions imposed...
...just as the momentum chasers pile back in.
The agency previously said the projects would provide resource adequacy support to the PJM Interconnection and bolster transmission between the Southwest Power Pool and WestConnect regions...
The circular financing circus rolls on...
"Congratulations Mr. President. The deal will include comprehensive market access for all American goods, economic security..."
...yesterday was the 57th day this year when price and breadth have moved in opposite directions... equal most in over the last 30 years.
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“AI stocks are increasingly in competition with their own bonds. Yields close to multiyear highs in combination with a higher visibility of expected cash flows are making a compelling case for many investors.”
...close to one in three tax dollars will be used to pay interest by 2036.
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...the city has been completely decimated...
You don’t need “fintech” and fancy apps. You're broke. You literally just need $12 to buy a burrito for a lunch...
"Today's results represent a landmark moment for adjuvant melanoma treatment. This is the first Phase 3 study to show ..."
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