Markets The (very) long end of the US yield curve rallied yesterday with the curve bull flattening. Daily changes ranged from 0.8 bps (2-yr) to -9.2 bps (30-yr). The US Treasury’s unexpected decision to increase by at least double (from $2bn per operation), the size of liquidity support buyback operations for longer-dated nominal coupon securities (10y to 20y and…
Australia shed 15,800 jobs in July, which at first glance looked like a clear sign that the labor market was cooling. But the headline missed an important detail: full-time employment actually rose by 16,300, while part-time employment fell by 32,200 and the unemployment rate ticked up to 4.5%. In other words, July looked more like a reshuffling of the…
Why gold and Bitcoin surged together: What Treasury buybacks teach investors about dollar debasement !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The broader cryptocurrency market is regaining strength, pointing toward a renewed bull run. The US Treasury Department announced on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs. US Treasury doubles long-term bond buybacks US Treasury announced that it would at least double the maximum size…
Markets snapped a defensive streak on Wednesday after the U.S. Treasury said it would at least double the size of its long-end bond buyback operations, a surprise move that pulled Treasury yields down, sent the dollar to a three-month low, and lit a broad rally across equities, gold, and bitcoin. The greenback finished as the worst-performing major on the…
Australian July 2026 jobs report: Unemployment rate 4.5% (expected 4.4%, prior 4.4%) !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
GBP/USD extends its daily rally and trades at its highest level since mid-May above 1.3600. The US Treasury Department decision to double the sice of liquidity support buyback operations for longer-dated nominal coupon securitiez weighs heavily on the US Dollar and helps the pair push higher. Earlier in the day, the data from the UK showed that annual Consumer…
A surprise Treasury buyback, not any Sunday lane, ran the week: the dollar hit a three-month low and gold and Bitcoin broke out. Lanes re-scored, levels rolled.
Bessent’s panic move risks reigniting rate hike bets, hands Fed hawks new ammunition !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The New Zealand Dollar (NZD) rallies against the US Dollar (USD), pushing north of the 0.5930 mark. The move is driven by broad weakness in the Greenback rather than anything out of New Zealand. The trigger was the United States (US) Treasury Department. It said it will at least double its buyback operations for longer-dated coupon securities in the…
