US treasury Yields Archives

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Follow the money

Back in August of last year I highlighted the seemingly incongruous activity of corporate treasurers who had been raising record levels of new debt from bond issuances, notwithstanding the prevailing market ‘wisdom’ and recomendations that interest rates could only fall from those prevailing levels. Well, with long end bond maturies rising, including an approx +50bps […]

October US payrolls – a recession for many

Once again we have a US government department (Bureau of Labor Statistics – BLS) conveniently releasing some economic guesstimates that are supportive of the official narrative and the Fed’s decision to again hold interest rates unchanged. According to this, inflationary pressures from the jobs market are abating as wage growth tumbles to a sub-inflationary +2.5%, […]

MMT – Safe and Effective?

An experimental theory adopted by a financially rewarded ruling oligarchy has always been difficult to fight against, so you won’t find many among those beholden to them that will be prepared to risk their careers by challenging the status quo. Until it is too late, that is! We therefore have entered a twilight zone where […]