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Proshares Trust Proshares Ultra 20+Yr Treasury Newsroom
Cross-border e-commerce platforms have collectively raised prices in the United States.
Companies are being forced to pass costs onto consumers.
Who can tame that "drunken dragon"? The market is completely counting on Besente.
The last line of defense on Wall Street?
Fed Bashing: What Could Go Wrong? -- Barron's
Americans Are Downbeat on the Economy. They Keep Spending Anyway. -- WSJ
Daily Roundup of Key US Economic Data for April 25
Kansas City Fed Services Indicates Expansion in April
US March Retail Sales Revised Up From Previous Estimate
April Michigan Consumer Sentiment Revised Upward From Preliminary Print, Below March Reading
Tesla welcomes a major policy package: the USA plans to relax regulations on autonomous driving.
On April 25, reports stated that the USA government will relax regulations on autonomous driving, reducing the originally cumbersome accident reporting process, allowing non-commercial test vehicles to skip certain compliance procedures. This move is seen as the USA's largest deregulation regarding autonomous driving, directly addressing the core demand for Tesla, and giving the green light for Musk's plan to launch the Cybercab autonomous taxi fleet in Texas this June.
Did Trump's "surrender" have a lot to do with the "U.S. debt vigilantes"?
Under the strong pressure of US Treasury yields soaring to 5%, the "Bond vigilantes" successfully "forced a halt" to Trump's tariff policy. Trump admitted: "The bond market is very tricky, I have been monitoring it." Ed Yardeni stated that this is yet another victory for the "Bond vigilantes."
Is It Time to Buy U.S. Treasuries on the Dip?
Trump's 'war' with the Federal Reserve has permanently damaged the credit of U.S. bonds.
Concerns about the independence of the Federal Reserve have led investors to intensify the selling of U.S. Treasuries, questioning the credibility of Treasuries as a safe-haven asset. Analysts point out that if the Federal Reserve shifts to a more lenient stance on inflation as Trump desires, or if Trump prematurely nominates a 'shadow chairman' to intervene in monetary policy, the Treasury market will decline further.
U.S. Quarterly Refunding Meeting Could Be Positive for Issuance Outlook -- Market Talk
Bond Markets Seen as Important in Trump's Reaction Function -- Market Talk
Tax and Tariff Fears Have Rocked Municipal Bonds. Why They're Still Appealing. -- Barrons.com
New Federal Reserve News Agency: Trump has made it "harder" for the next Federal Reserve chairman.
The market worries that Trump's public belittling and pressure on Powell will leave an indelible "original sin" for Powell's successor. Regardless of who the next chairman is, the independence of the Federal Reserve will be in question. An independent central bank is often seen as more objective and professional, making its decisions more likely to guide market expectations and stabilize the economy. Since President Clinton's era, most U.S. presidents have adopted a stance of "non-interference" with the Federal Reserve.
Regarding interest rate cuts! Several Federal Reserve officials have spoken out, with possible action as early as June.
① On Thursday local time, Cleveland Fed President Loretta Mester ruled out the possibility of a Federal Reserve rate cut in May but hinted at a possible cut in June; ② On the same day, several Federal Reserve officials publicly discussed the matter of rate cuts. Federal Reserve Governor Christopher Waller also stated that he would support a Federal Reserve rate cut if there is a significant rise in the unemployment rate.
The U.S. Treasury's 7-year bond auction was lackluster, with the problem still lying in overseas demand.
The portion of indirect bids representing overseas demand only secured 59.3% of the total allocation, down from March's 61.2%, marking the lowest level since December 2021. This marks the second consecutive auction of the 7-year bond to experience a tail. Analysts say that if foreign demand really collapses, the Federal Reserve will have no choice but to intervene and start monetizing these government bonds.
Daily Roundup of Key US Economic Data for April 24
Treasury Yields, Dollar Fall as Trade Worries Loom -- Market Talk