The president’s deputy chief of staff said this effort is the first of its kind... and could balance the federal budget if all fraud is shut down.

Many of the new tutor roles are focused on credit markets, which are under increasing pressure as private credit funds face withdrawals and other industry challenges.

This was a stellar 20Y auction despite the lack of concessions in today's session, and suggests that despite the recent selling across the curve, the bond market remains in solid shape one day ahead of the Fed's decision to keep rates on hold (as most expect). 

Is President Trump himself caught in a Kobayashi Maru scenario...

Volatility is rising across major asset classes, with Treasuries the notable exception...

"If we use share price performance in 1H'22 as a guide, then it suggests that the bottom might be near for these airline stocks." 

Lawyers for illegal immigrant detainees in the case alleged the executive branch turned the entire bond process into a sham...

"We all understood there was clearly an imminent threat..."

Does the market eventually “Trade Short” because nobody owns enough of it after cutting Nets / Grosses (both by selling Longs and / or adding Shorts), and instead eventually pivot to “Chase Upside”?

"Only sick, demented, or deranged people in the House or Senate could vote against THE SAVE AMERICA ACT...."

Bitcoin has stayed resilient through recent market turbulence as institutional investors and long-term holders continue accumulating, signaling a maturing market and strengthening its long-term outlook.

We started the year with a positive global growth outlook accompanied by a sustained erosion of US exceptionalism across multiple dimensions (growth, yield, equity performance). There is no question the Iran War can change this baseline.

“This is an issue of public safety.”

Oklo makes significant progress to break away from the reactor developer pack...

...dropped bearish stance on US Treasuries, shifting to a neutral view as markets have largely priced in inflation risks from surging oil prices while underestimating the potential damage to global growth...

"The FDNY is operating at a fire on East 43rd Street in Manhattan." 

“The slight gain in pending contracts appears to be driven by improved affordability conditions. However, those conditions could reverse if higher oil prices lead to an uptick in mortgage rates,”