The Department of Government Efficiency has found that $100 billion is paid annually to people without proper identification Elon Musk, as head of the new Department of Government Efficiency (DOGE), has said that the US […]
The agreement came in response to a lawsuit accusing the agency of an “unlawful action” by giving private info to Elon Musk’s Department of Government Efficiency Lawyers with the US Justice Department have agreed to […]
Trump’s Treasury nominee Scott Bessent dismantled the Democrats’ talking points against fossil fuels, noting China was in an ‘energy race’ and winning. A confirmation hearing exchange between Sen. Ron Wyden (D-OR) and Treasury Secretary Nominee […]
30-year Treasury bonds sold at auction on Friday at highest yield in at least 16 years despite Fed’s 100 basis points in rate cuts. Since the Fed’s 100 basis points in rate cuts, the 10-year […]
“Extraordinary measures” may be needed soon to prevent nation from defaulting on its obligations, Janet Yellen has told Congress US Treasury Secretary Janet Yellen has said the federal government will hit its debt limit as […]
By Wolf Richter for WOLF STREET. Treasury yields and the now un-inverted and nicely steepening Treasury yield curve passed another landmark on Friday, maybe the first such landmark ever: While the Fed cut its policy rates by a […]
Fed cut by 75 basis points since September while 10-year Treasury yield rose by 75 basis points to 4.40%, as Bond Market frets about Inflation & Supply. By Wolf Richter for WOLF STREET. The 10-year Treasury yield jumped […]
As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite. By Wolf Richter for WOLF STREET. The question that’s on everyone’s mind is how long foreign investors will continue to support […]
By Wolf Richter for WOLF STREET. It was probably not the best timing ever for the 10-year Treasury auction to fall on the day that the CPI inflation data had given people the willies hours earlier, with its […]
In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the […]
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