$75.6B in Treasuries Liquidated. 10-Year at 4.46%. 30-Year Knocking on 5%.
Japan buys yen it can't hold. America pays the yield.
Japan buys yen it can't hold. America pays the yield.
Markets are pricing a deal. Iran says there isn't one.
The buffer was supposed to last months. The Strait is still closed.
The U.S. asked its largest creditor not to sell. Tokyo nodded. The yen weakened again by Friday.
The Treasury needs buyers. The buyers are demanding more to show up.
Tokyo is selling U.S. debt to defend its currency. Washington is watching.
The auction cleared. The dealers mopped it up.
Asia sells dollars to defend currencies. The auction absorbs the difference.
Poland built the world's largest central bank gold program — then its own governor tried to sell it for guns.
Iran built a toll booth. Washington rejected it. The ships are still paying.
The Fed says it has an easing bias. The bond market is not listening.
The government keeps issuing. The market keeps demanding more yield to absorb it.
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