Investors Cast Global Dragnet In Hunt For Treasury Selloff Culprit
Bonds are obviously one of the key market stories in August.
Indeed, were it not for China's multiplying misfortunes, the financial pages would be nothing but bonds spiced, perhaps, with a few obligatory nods to suddenly-struggling equities.
I've done my part. Looking back at this week's coverage, it's been China and bonds. I'm not complaining. It could be worse. At least this week wasn't the arduously boring affair it could've been given the proximity to Labor Day vacations.
In "The Bonds Ar
And some of us thought the U. S. Congress and Treasury could keep borrowing to infinity much like Japan… It all works well until it doesn’t.
It’s not the borrowing so much as the political dysfunction.
Or it is ‘how it gets spent’. With respect to green energy- I think we need to do a better job of balancing spending on wind/solar with upgrading the power grid/fire prevention (to avoid more Paradise and Lahaina disasters). I still don’t understand why if we really believe that global warming is an existential threat, we aren’t more focused on pursuing safer nuclear and SMRs- small modular reactors.
H-Man, the long end of the curve is somewhat irrelevant to the short end which is yielding 5%.
Irrelevant in what context?
Interesting to see such focus on Jackson Hole. I haven’t thought that Powell has much of a credible hawk act left. If long rates keep rising based on “no landing” sentiment, higher r-star, and galloping supply, then that feels unfriendly to the duration kind of equity.