while WE slept: USTs flat ahead of mfg PMI, bunds bid, JGBs under pressure; "biggest inversion between FF1 and FF12 futures in 36 years, at -193bps. This suggests the market expects a ~2ppt cut"
while WE slept: USTs flat ahead of mfg PMI, bunds bid, JGBs under pressure; "biggest inversion between FF1 and FF12 futures in 36 years, at -193bps. This suggests the market expects a ~2ppt cut"
Good morning … a very happy bday (albeit belated … sorry but not sorry — the Hobbit never sent ME a card on time, or at all, tbh) TO … The Dept of Treasury.
GDI vs GDP.... excellent thoughts
Like the SNL video.....
Politicians....ugh...