While traders are preoccupied by the accelerating meltdown in equities and especially tech stocks which just can't catch a bid, the real action this morning was in the US Treasury market...
In recent weeks we have been pointing out the stark divergence between markets in various geographic time zones...
After stocks just saw their best 12-month performance since 1936, it should not be a total surprise that Treasuries have suffered... but the extent of the bond bloodbath is almost unprecedented.
US Treasury Secretary Janet Yellen told her G20 colleagues Friday that Washington is dropping a push for a controversial provision in a global digital tax, opening the door to a likely agreement.
This is as close to a failed auction as we have ever come...
A little over a month ago, on January 7 when looking at the technicals in the Treasury market and when the 10Y was trading at just over 1%, we warned that "it's about to get ugly"...
2.074% quote price arrow down-0.016
As many Americans take a day off from bidding up penny stocks, the global bond market is taking a rather serious bath.
She emphasized that "cryptocurrencies have been used to launder the profits of online drug traffickers; they've been a tool to finance terrorism."
The Presidential Advisory Group shows commitment to regulate stable digital assets.
A group backed by a foreign government cyberattacked and breached the security of the U.S. Treasury Department.
One of the most poignant (and painful to some) lessons of the past decade - especially to contrarian, bearish investors such as Odey and Horseman - is that the Fed can keep print money far longer than any short can remain solvent.
Economic and Market Conditions; Cryptocurrency Market
After last month's dismal 2Y auction, moments ago the Treasury sold $56 billion in 2-Year paper in yet another record big auction, only this time demand was far stronger compared to recent tailing auctions.