weekly observations (5/29th); DEAL (or no deal?) so issuance may be coming; "Markets will struggle as 500bn of liquidity is removed to rebuild the Treasury cash buffer"; "Deflation Tsunami"
(USTs mixed / higher despite GILT selloff on light volumes)while WE slept; foreigners bought 2s, will they buy 5s? 'history of the FFs/2s spread w/core inflation'
(USTs are lower and curve is flatter on avg volumes) while WE slept; UST liquid NOT bad (they say); a PAUSE is coming (Prof. Siegel); raisin' the roof (BAML SPX target); #Got2s?
(USTs mixed, 'clinging to support' on avg volumes) while WE slept; LOTTA LIQUIDITY + AI + large dollop of HOPE AND … we're aggressively UNCH over past 9mo (since Jackson Hole)