@sandipsabharwal Maybe Sergio Gor wanted this.. hence he has been active for the past few days.. increase in global wheat prices were detrimental to US where the inflation is already running high..
Today an interesting announcement was made by US treasury.
They will increase the buybacks of their own long term debt ( 10-30 years) by issuing short term debt .. upto 2 yearsโฆ so to be clear no QE.
As @PauloMacro writes โUS Treasury will rain Tbills to do more and more buybacks even as the issuance mix moves in that direction alreadyโฆwhich is very Brazil 90s of us and highly inflationary over time (at one point Brazil was rolling 99% overnightโฆ vibes). This is exactly what the metals are smelling.
Remember: Bessent can save the dollar or the bonds - he is choosing the bonds.
This in my view is Yield curve control ( lite) and will only increase inflation over time.
When was the last time you saw Gold up 135 dollars.
Canโt own long bondsโฆ they are just certificate of confiscation
While everyone is praised & celebrated Torres.. Nico Williams deserves equal praise for his presence of mind to keep the ball in play and play the difficult pass to Torres. #worldcupfinals
None of the foreign managers has been able to win a world cup for their squad. Tuchel had a chance to rewrite the history but it was not to be.. Somehow Argentina manage to win it again in the dying moments of the game.. Awesome stuff..!!
Severe traffic jam on Eastern Express Highway. Crane has overturned on Thane - Mulund Bridge. The traffic has reached Ghodbunder Road. Traffic moving from Thane to Mumbai severely hampered. #trafficjam#Ghodbunder