Facu Estrada

tradeo el fx 🇦🇷

[Facu Estrada @facundoestr]

@LuisCaputoAR @rcas1 la mayoría no dimensiona lo que significa bajar intereses de deuda 10 puntos del PBI sin emitir.

por eso subestiman lo que realmente se logró

[Robin Brooks @robin_j_brooks]

There's a saying about Brazil, which is that it's always the land of the future because it never quite gets there. I don't like that saying but - boy - is it true today. The Real had a real chance to close the gap to my $/BRL 4.50 fair value. That's over.
https://t.co/tIBUSIcmkk

[cristina videos @videoscfk]

no, por suerte no vamos a estar 👀

[Revolver Ocelot @MajorOcelot45]

BofA Who Makes the Data Center 2026 Infographic

[Leonardo Tagliabúe @LeoTagliabue]

es impactante cómo habla esta foto

[Jon Aldekoa @jaldeko]

El BCE iniciará nuevas inyecciones de liquidez en 2027.
https://t.co/FuilSibIu2

[Geiger Capital @Geiger_Capital]

Rumor on the street is that Bessent will be cutting bond auction sizes in the next QRA…

Higher demand via increased buybacks.
Lower supply via reduced auctions.

The House needs lower yields.

[Karen Reichardt1 @KarenReichardt1]

Jajaja mi cábala antes de salir a escena 👀

[La Política Online | Argentina @LPOArg]

Raverta reprodujo audios con puteadas de Milei y los libertarios le respondieron con los gritos de Alberto a Fabiola
[https://t.co/wp0nSXMynf]

[Reivindicar a Carlos Saul Menem @AReivindicar]

Informe de @danielhadad. Así era puerto madero antes de la presidencia de Carlos Menem.

[Mohamed A. El-Erian @elerianm]

The IMF issuing a statement to reassure the public that bond markets are "functioning in an orderly manner" is highly unusual—and risks raising more questions than it answers.
#economy #markets #bonds #yields @IMFNews

[Facu Estrada @facundoestr]

@AIQuanting @Marcomadness2 @TheStalwart in OIS, the steepening is mostly implied shortrate forwards

in TRESH, term prem matters more

[MDZ Online @mdzol]

Una tiktoker estalló contra su novio porque no le propone planes para "ir de vacaciones y conocer nuevos lugares" y porque están "todo el tiempo viendo películas": "Vos lo proponés, pero el que termina pagando soy yo".

[Financial Times @FT]

The prime minister and the US president discussed awkward issues including British sovereignty over the Falkland Islands, the future of the US/UK base at Diego Garcia and Israel's settlements in the West Bank. https://t.co/WBiXZM8zb2

[Global_Macro @Marcomadness2]

Hyperscaler yield curves

[Facu Estrada @facundoestr]

@LoboArgy fer

https://t.co/pb7GNlUFAv

400800 OSDE
900805 Swis

[Austral Research @AustralRes_En]

BofA: Vaca Muerta’s geology is comparable with US’s best formations.

> Vaca Muerta's acreage benefits from world-class reservoir quality, delivering exceptional productivity across both the oil and gas windows.

> WoodMackenzie calculates that, in the basin's most prospective areas, NPV10 breakeven prices are estimated at roughly US$35/bbl for black oil developments and below US$2/Mcf for both dry and wet gas, placing Vaca Muerta among the most competitive unconventional plays globally.

> As drilling activity has scaled up, well performance metrics have increasingly converged with those observed in leading U.S. shale basins, despite the play still being at a relatively early stage of development.

$YPF #VacaMuerta #Oil #Argentina

[Martin Polo @Macroopolo]

¿Por qué se detuvo el aumento de la morosidad? cuidado que parte fue porque algunos morosos pasaron a irrecuperables

[jeroen blokland @jsblokland]

It’s not QE and it’s not yield-curve control. But if Treasury increasingly buys back long-duration debt and replaces it with bills, it is effectively conducting a Treasury-led Operation Twist: removing duration from the market to put downward pressure on long-term borrowing costs.

Combine that with Bessent’s push to expand the Fed’s FIMA repo facility, allowing foreign governments to pledge their US Treasuries as collateral and borrow dollars rather than having to sell those Treasuries outright.

The message is becoming abundantly clear: the US Treasury does not want higher long-term rates. More importantly, it wants to prevent forced or destabilizing selling of US government bonds, especially at the long end.

Gold understands the message.

It’s up more than 3% today.