After an ugly 3Y auction, and a solid 10Y sale yesterday, moments ago the Treasury sold $24BN in a 29 Year-10 month reopening of cusip SZ2 ahead of today's Fed minutes.
Treasury Secretary Yellen says she wants to get rid of the debt ceiling as McConnell threatens another default standoff in 2 months
Though it is unclear how such an executive action would work, Pelosi indicated that Democrats were considering it...
Treasury Department Seeks to Track Financial Transactions of Personal Bank Accounts Over $600
The United States could default on its debt sometime in October if Congress does not take action to raise or suspend the debt limit, Treasury Secretary Janet L. Yellen warned on Wednesday.
Three weeks ago, moments after the Treasury released its latest Treasury issuance Sources and Uses report which virtually nobody on Wall Street pays attention to, we confirmed something we first observed months earlier: stealth QE...
The US Treasury Department is set to clarify that only bonafide cryptocurrency brokers - not developers, equipment providers, or miners - will need to comply with proposed IRS reporting requirements contained in the $1.2 trillion infrastructure bill,
After spiking dramatically on the "hawkish" FOMC statement, the long-end of the yield curve has utterly collapsed this morning with 30Y Yields down 10bps from its highs...
Corporations around the world should pay at least a 15% tax on their earnings, the Treasury Department said Thursday as part of its push for a global minimum for businesses.
In stark contrast to yesterday's stellar 10Y auction, moments ago the Treasury concluded its refunding issuance when it sold $27BN in 30Y paper in an ugly, tailing auction that was disappointing in every category.
Because stock market performance is an important factor in U.S. Treasury behavior, I study it closely. I wrote a paper in 2012 that, among other things, examined the consistency (or actually inconsistency) of long-term S&P 500 performance.
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.