Evergrande, US House passes measure and something old but interesting.
Morning ... Ahead of the FOMC events (2pm, 230p -- links via Fed calendar HERE), a couple things overnight in addition TO yesterday's LEVELS.
EVERGRANDE FIXED? Evergrande Filing on Yuan Bond Interest Leaves Analysts Guessing
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DC CLOWN SHOW: Democrats Pursue Doomed Debt Move, With Emergency Option in Hand
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...AND in the old but interesting category (along w/yours truly?), Nancy Davis's latest fund announcement midday yest? Besides the fact that one of Wall Streets popular kids now carries both Inflation'ista AND Transitorian membership cards ... No matter WHAT happens, she's told us so!! How is it a thing to charge ~1% (expense ratio) for an etf of another etf?
Nancy Davis Flips to Deflation in New ETF After $3 Billion Haul
Quadratic’s second ETF aims to defend against falling prices
IVOL amassed big following as investors fretted over inflation
...The new fund will rely on over-the-counter options not available to general investors. The same structure has helped IVOL gather assets of $3.3 billion, even though the fund is almost 89% invested in the far cheaper Schwab U.S. TIPS ETF (SCHP)...
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Here to help with any / all hedging, duration, and general ca$h mkt needs -- early and often!! Have a good start!
Feiss