Gold prices reflect a shift in paradigm – Part I

Ugly, Tailing 30Y Auction Makes History With First 5%+ Yield Since The Great Quant Crash Of Aug 2007 Moments ago, the last refunding auction of the week, the sale of $25BN in 30Y paper, made history: it was the first 30Y auction to print with a high yield above 5%, and a coupon of 5%, since August 2007... which as veteran traders will recall was the month of the historic quant crash which marked the S&P highs at the time and eventually culminated in the global financial crisis.  The auction priced...

President Trump has threatened to “blow up” the “whole country” of Iran if Tehran doesn’t agree to a deal that he is demanding it sign, as the very fragile ceasefire appears to be on the verge of collapsing. Trump made the comments in an interview with Fox News reporter Trey Yingst. “I just spoke with […]