There is an old adage in markets: "Bond yields will rise until something breaks". And rise they did. Given inflation's stubbornness, especially in services, talk of tariffs, onshoring, and other factors, a 5 handle on 10-year treasuries is expected sometime this year. A point I voiced earlier. That is if an exogenous shock won't derail the economy before. One such possibility, albeit minuscule, could materialize from the current fires in LA. They'll test the abilities of the insurance industry. Currently, the situation is too fluid, and markets are closed due to the national mourning of Jimmy Carter.
So grab the popcorn, the movie is called American Exceptionalism vs Bond Vigilantes!
There is an old adage in markets: "Bond yields will rise until something breaks". And rise they did. Given inflation's stubbornness, especially in services, talk of tariffs, onshoring, and other factors, a 5 handle on 10-year treasuries is expected sometime this year. A point I voiced earlier. That is if an exogenous shock won't derail the economy before. One such possibility, albeit minuscule, could materialize from the current fires in LA. They'll test the abilities of the insurance industry. Currently, the situation is too fluid, and markets are closed due to the national mourning of Jimmy Carter.
So grab the popcorn, the movie is called American Exceptionalism vs Bond Vigilantes!
#finance #AmericanDynamism
BY Random Thoughts
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Some privacy experts say Telegram is not secure enough Oh no. There’s a certain degree of myth-making around what exactly went on, so take everything that follows lightly. Telegram was originally launched as a side project by the Durov brothers, with Nikolai handling the coding and Pavel as CEO, while both were at VK. These administrators had built substantial positions in these scrips prior to the circulation of recommendations and offloaded their positions subsequent to rise in price of these scrips, making significant profits at the expense of unsuspecting investors, Sebi noted. NEWS DFR Lab sent the image through Microsoft Azure's Face Verification program and found that it was "highly unlikely" that the person in the second photo was the same as the first woman. The fact-checker Logically AI also found the claim to be false. The woman, Olena Kurilo, was also captured in a video after the airstrike and shown to have the injuries.
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