Take courage people!
You too can become populists just like Pete and Little Marco. Just get your degrees from Princeton and Harvard and the Universities of Florida and Miami.
Take courage people!
You too can become populists just like Pete and Little Marco. Just get your degrees from Princeton and Harvard and the Universities of Florida and Miami.
Average US Treasury yields in April vs. March were down but up in comparison on Friday May 2nd after Trump meddled again in the Fed's business.
The yield aggregate of eleven securities down: 4.19 in April vs. 4.243 in March, but back up to 4.234 on Friday.
Bills down: 4.205 in April vs. 4.26 in March but up to 4.242 on Friday.
Notes down: 3.966 vs. 4.082 but up to 4.002 on Friday.
Bonds up: 4.725 vs. 4.615 and up some more to 4.80 on Friday. Investors are demanding more return from bonds because they perceive risk to be rising for long duration holdings.
The overall picture since January 2024 though shows yields falling as the rate of inflation has slowly declined. The black line below shows the average of the aggregate peaking in April 2024.
The 10-year Note at 4.33 on Friday matches the Daily Federal Funds Rate exactly, same as the 3-month.
Speaking of which, 10Y-3MO has been screaming "major recession" since October 2022, but to no avail.
A missile from Yemen halts flights in Israel hours before top officials vote on plans for Gaza war
... Houthi military spokesman Brig. Gen. Yahya Saree said in a video statement that the group fired a hypersonic ballistic missile at the airport. ...
So says Ryan Petersen, founder and CEO of Flexport, in The Wall Street Journal, here:
... If the tariffs on Chinese goods continue at this rate, he says, thousands of American companies will fail and millions of employees will lose their jobs. ...
When the pandemic clogged up supply chains, he rented a boat so he could tour the Port of Long Beach, Calif., and see the bottlenecks for himself.
When he’s not cruising around ports for information, he’s getting it directly from his company’s 13,000 customers. They are companies that sell electronics, furniture, clothing, toys, diapers, pet feeders—basically everything. He makes it a priority to talk with as many of them as he possibly can. ...
This past week, he traveled from San Francisco to Washington, D.C., where he spent two days meeting with government officials to make the case that tariffs pose an existential threat to his customers. ...
... Trump repeated this inaccurate assertion about three $1.98 states at least three times this week. Then, during a commencement address at the University of Alabama on Thursday night, he used an even lower figure. ...
More.
The worst it ever got was 2.4% in December 1952 while Truman was still president.
The leisure class of state capitalism has to have something to complain about.
Something Elise Stefanik also knows only too well lol.
Trump national security advisor Mike Waltz leaving post after Signal scandal
... Trump earlier this week told The Atlantic that Waltz’s job was secure. ...
Asked if Hegseth would stay in the administration longer than Waltz, Trump replied, “Waltz is fine. I mean, he’s here. He just left this office. He’s fine. He was beat up also.” ...
Senate resolution to scrap Trump’s ‘Liberation Day’ tariffs fails despite some GOP support
A Senate vote to scrap President Trump’s wide-ranging “Liberation Day” tariffs narrowly failed on Wednesday, sparing Republicans a second consecutive blow as the president’s trade policy continues to face opposition.
Three Republicans — Sens. Susan Collins (Maine), Lisa Murkowski (Alaska) and Rand Paul (Ky.) — voted in favor of the resolution alongside every present Senate Democrat.
But Democrats ran into attendance problems. Sen. Sheldon Whitehouse (D-R.I.) was absent, along with Sen. Mitch McConnell (R-Ky.), who had voted in favor of a similar bill reversing tariffs on Canada earlier this month.
The final tally was 49-49.
McConnell and Whitehouse had both missed the two votes earlier in the day. One Senate GOP member told The Hill that McConnell was sick and unable to vote. ...