On Wednesday, October 11, the 30-year yield declined 13.8 bps (NY to NY last trade), its third biggest one-day decline in yields since November 2020.
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The narrative archetype "Supply and Demand" tm is typically trotted out to describe a market move that no one has a better answer for. It's not partic…
In narrative-world, we have now redefined core CPI to not only exclude food and energy prices directly, but also indirectly. If airfares went up in-li…
We're reconfiguring the entire ET Pro service to support our Big Idea for 2023: long-dated interest rates are coming unmoored, meaning that 10-year+ T…
There is a constructed ebullience in the US economy right now, by which I mean that the usual narrative wall of worry that Wall Street uses to grind h…
Assuming that Treasury and the Fed have stopped the immediate, fast-motion bank run at First Republic and created a reasonable firewall (and I think t…