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Five On It
Make it five.
Treasury yields rose a fifth session Thursday after the closely-watched 30-year sale didn't go down as well as Wednesday's 10-year, to put it mildly.
30-year yields touched 1.443% following the ugly, tailing auction, steepening the 5s30s out to the widest since July 7. You'll recall that last month saw the biggest flattening since 2017, so this is a notable reversal.
Like the Soul Stone, the market wants to extract something in exchange for funding the exploding US deficit ("a
I hate reversals of reversals!
It’s amazing that the claims number is being touted as good. I am wrong in thinking that the “low” 980,000 thousand applications for jobless claims are not people rolling over existing claims? (continuing claims)
These are more people losing their jobs, no?