R. Leonard

We are drowning in hypocrisy.

[The Macro Paper @macropaperr]

GLOBAL BOND MARKET CRISIS IS HERE.

🇺🇸 US 30Y yield highest since 2002

🇯🇵 Japan 30Y yield highest since 1996

🇫🇷 France 30Y yield highest since 2002

🇬🇧 UK 30Y yield highest since 1996

🇩🇪 Germany 30Y yield highest since 2011

🇰🇷 South Korea 30Y yield highest ever

🇦🇺 Australia 30Y yield highest ever

🇳🇱 Netherlands 30Y yield highest since 2011

[zerohedge @zerohedge]

10Y yield +6bps, 5.30% any second: highest since 2002

[zerohedge @zerohedge]

*ITALY BOND RISK PREMIUM EXCEEDS 100BPS, FIRST TIME SINCE MARCH

*FRANCE BOND RISK PREMIUM RISES TO 120BPS, FIRST TIME SINCE 2012

[Bull Theory @BullTheoryio]

🚨 ORACLE IS IN VERY BAD SITUATION.

Oracle's $ORCL Credit Default Swaps just jumped to highest level in history, while the company remains one downgrade away from junk status.

S&P has already cut Oracle's credit rating to BBB-, just one notch above junk.

Oracle is borrowing tens of billions of dollars to build AI data centers for deals like Stargate and OpenAI.

Some of Oracle's long term bonds now yield over 8%.

One more downgrade puts Oracle's debt in junk territory.

If that happens, $120 billion of Oracle's bonds get automatically pulled from investment grade indexes.

Many bond funds are only allowed to hold investment grade debt.

A downgrade forces them to sell Oracle's bonds all at once, pushing prices down and yields even higher.

This isn't just happening with Oracle only, It's becoming industry wide problem.

[Not Jerome Powell @alifarhat79]

Bessent watching the 30-year bond yield right now

[Mohamed A. El-Erian @elerianm]

A reminder (below) of where the US Treasury curve is:
With the exception of the 2-year, every maturity on this Bloomberg screen is now above 5%.
This poses a tricky question for a range of investors:
Step in to lock in the highest nominal and real yields in years,
or
stay on the sidelines as the market contends with both a structural supply/demand imbalance among longer-term participants and unsettling volatility as "fast money" increasingly fills the void?
#economy #bonds #markets #yields a

[zerohedge @zerohedge]

Bessent Begs Fed For Mercy As Hormuz Stand-Off Sends Oil Soaring And 10-Year Yield To Nearly 20-Year High https://t.co/yoOiySkU68

[Mohamed A. El-Erian @elerianm]

Good morning.
In markets, US bond yields are back in focus, with the 10-year hitting 5.22%, its highest level since 2002 -- as Brent oil approaches $110.
(CNBC chart below.)
#economy #markets #oil #energy #bonds #yields

[Not Jerome Powell @alifarhat79]

100%

[R. Leonard @RifORiv]

@UNReliefChief @amanpour Thanks for your work.

[Tom Fletcher @UNReliefChief]

Ten outcomes to reach 11m people.

Spoke to @amanpour on what we are negotiating with Foreign Ministers for this week 👇

[Not Jerome Powell @alifarhat79]

Trump looking at bond yields this morning

[Mohamed A. El-Erian @elerianm]

This sharp rise in Treasury yields—including 11 basis points for the benchmark 10-year, as shown in the Bloomberg chart and table below—is being driven primarily by domestic indicators (data confirming accelerating US economic activity), and to a much lesser extent, external factors (higher oil prices).
Needless to say, it's pulling yields higher worldwide.
#economy #markets #yields

[Financial Times @FT]

China has spent a record sum importing more than 1,000 tonnes of gold this year as the central bank and local investors pour cash into bullion amid rising geopolitical tensions abroad and poor returns on local assets. https://t.co/Q6PF6CVd8z

[Princesa Mato @MrsSpain0]

Voy a empezar a cuidarme. DejaRme!!

[Mohamed A. El-Erian @elerianm]

Despite another day of lower international crude oil prices, refined product markets continue to move in the opposite direction.
According to AAA data (below), diesel has pushed above $6.50 a gallon, while regular gas is near $4.50.
Also and of note, refined products are increasingly featuring in diplomatic interactions, as this recent example (below) from the Financial Times illustrates -- this as pressure grows for export bans.
#economy #markets #energy #oil #diesel @FT

[Barchart @Barchart]

Global Central Banks now own the most Gold this century 🚨🚨🚨

[Dread_Pirate_Roberts @RasslinIsFun]

I had no idea Kash Patel was at the Coldplay concert!

[Not Jerome Powell @alifarhat79]

Bessent trying to help the bond market

[Carl Quintanilla @carlquintanilla]

EISMAN: “These companies are very nervous. They realize that there are no moats around their business .. they're trying to manufacture a crisis that will create regulation — that they think they can then manipulate to create .. the duopoly that they want."