Terrible 5Y Auction: Worst Bid To Cover In 4 Years, Highest Tail Since 2024, Dealers Jump

US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3% With Wall Street expecting a strong - not great - number, and a modest decline from April's 115K, moments ago the BLS reported a shocker: in May the US added 172K jobs... ... not only a 4-sigma beat to the median estimate of 88K, but also above the highest estimate of 125K. The change in total nonfarm payroll employment for March was revised up by 29,000, from  +185,000 to +214,000, and the change for...

Lacy Hunt Turns Bearish Bonds: Studying His Reversal Authored by Michael Lebowitz via RealInvestmentAdvice.com, Economist Lacy Hunt has been a bond bull longer than most money managers have been in the business. Recently, he made a surprising U-turn on his bullish stance. The following paragraph opens his Second Quarter Review and Outlook. The structural backdrop for U.S. inflation increasingly suggests that the long-run equilibrium range is migrating from roughly1.5–3.5% toward 3.5–4.5%, with a significant risk of episodes of inflation above 5%. An important core reason is the steady erosion of the disinflationary architecture...

President Trump, Easter Sunday message: “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fu****’ Strait, you crazy bas****s, or you’ll be living in Hell – JUST WATCH! Praise be to Allah. President DONALD J. TRUMP.” In the mind of […] The post And Many Christians Still Think Highly of Trump? appeared first on LewRockwell.