Boom.
The US Treasury is doubling the size of their long-end buybacks to "improve liquidity".
Buying back their own bonds in size.
Artificially suppressing yields.
LOWE'S $LOW REPORTED Q2 EARNINGS THIS MORNING
- Non-GAAP EPS of $4.40 beating expectations by $0.18 🟢
- Revenue of $25.96B missing expectations by $150M 🔴 (up 8.3% YoY)
Comparable sales rose just 0.2%, with strong Pro and home services performance and a 15.7% jump in online sales offset by ongoing DIY macro pressure.
FY26 guidance cut: total sales of $92.0B, down from a prior range of $92.0B-$94.0B and just below the $92.94B consensus.