Thursday, February 22, 2024

from 6 rate cuts late last year, to rising rates since Jan ...!

 20year auction was a disaster YD & so was the minutes, but the AI craze is keeping the market strong

while mortgage rates around 7% range

Nikkei makes a new high; crossing its last high made in mid-1989, Japan owned Rockefeller center & Pebble Beach in US; the property bubble got burst by end of 1989 & took 3 decades of disinflation to come out

treasury plans to buy long term US debt to replace it by short-term debt

10y rates dropped by a point .. and stocks rise ... aka market manipulation and perfectly legal as done by US govt.