Why the Blanche Nomination Should Be Rejected

The 10-Year Treasury Yield Over 5%? Some Thoughts Authored by Wolf Richter via WolfStreet.com, The 10-year Treasury yield has been zigzagging higher since mid-November when the Fed cut its policy rates again despite accelerating inflation. Since that rate cut, followed up by another rate cut in December, the 10-year yield has risen by 80 basis points, heading, apparently inexorably, for the 5%-line. On Friday, it closed at 4.78%, within spitting distance of 5%, despite Bessent's three hocus-pocus shows to try to bring it down. Sure, they might have helped keeping a lid...

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...

The Marxist In The Machine Authored by Raw Egg Nationalist via American Greatness, Our fears for the future of robot intelligence almost inevitably end in spectacular fashion, with nuclear explosions and slaughter on a planetary scale. An abiding memory of my childhood is going over to the neighbors' house and watching Terminator 2 on VHS with my friends Ethan and Nathan, who were both older than me. I must have been about five years old - about 13 years too young to watch the film. And so, the idea that robots,...