TL;DR: Gold’s Jackson Hole test on Friday isn’t really about rate signals — it’s about whether Fed Chair Kevin Warsh draws a clear line between monetary policy and Treasury’s efforts to influence long-end bond markets, Read more…
Materials have quietly climbed this year. At the same time, the options tied to the sector have gotten cheaper, trading closer to their five-year low than their five-year average. That combination caught the eye of Read more…
The Treasury’s plan to lower bond yields risks triggering a ‘Sell America’ trade. European shares are currently underperforming their US counterparts, but the gap is narrowing. The stock market rose slightly towards the close but Read more…
With jet fuel prices continuing to sit at highs amid a lack of a ceasefire between the U.S. and Iran, numerous small and mid-size airlines have ended up having to shut down since the start Read more…
Every automaker keeps a private list of products it knows how to build, could build tomorrow, and has quietly decided not to. The engineering exists. The supplier contracts exist. The customers exist. What does not Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Some spaces seem prone to mess, Read more…
On 19 August, Reserve Bank of Australia Deputy Governor Andrew Hauser adopted a more hawkish tone, warning that another rate increase could become necessary if the inflation risks highlighted by the central bank — including Read more…
A loss of confidence in currencies and bonds is leading to capital outflows CHF and JPY benefited as a result of the Treasury’s actions The US dollar has stabilised near three-month lows thanks to a Read more…
The Australian dollar’s steady climb became a sprint late last week, jumping 0.85% on Friday to fresh current leg highs near 0.7180. What had been a measured grind higher accelerated more emphatically, with the Australian Read more…
Markets US Treasuries went from bear steepening on Thursday into flattening going into the weekend. Yields added between 2.3 (30-yr) and 4.7 bps (2-yr). The (very) long end of the curve thereby almost fully erased Read more…