Was the 30-year UST auction really that bad?
The 30-year US Treasury bond auction spooked the market on Wednesday, seeing yields fall massively on the long bond, because the yield achieved was 3.75 per cent versus a yield...
The vanishing debt ceiling deal
The Budget Control Act will reduce annual US federal deficits by at least $2,100bn by 2021, according to the CBO. But will it?Analysis published Tuesday by Barclays Capital argues...
US CDS curve inverts for first time ever [updated]
Presenting, courtesy of Bloomberg, le chart du jour — an eye opening inversion of the US credit default swap curve:That means, as Bloomberg eloquently put it, that it...
What the United States could learn from Denmark
That it should raise the debt ceiling to $42,000 billion.Wait, hear us out…We agree with James Surowiecki (and James Hamilton before him) that the debt ceiling is silly...
A commercial real estate mini-pop
Just one month after registering a new index low, an eye-catching top line from Moody’s:The Moody’s/REAL Commercial Property Price Index (CPPI) measured a 6.3% increase in May,...
Jean-Claude Trichet, the almost-Hamiltonian
Presenting a… revisionist view of why the European Central Bank president hates any Greek debt restructuring, in whatever form.One in which the stakes get a lot higher too....
