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Discover AllBessent Bond Buyback Auction Tripling Sends 30-Year Yield to 5.30%
The Wolf Street read on the Bessent bond buyback auction announcement is that the market came in expecting a bazooka and got a water pistol. The Treasury Department confirmed this morning that…
15/09/2026
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Discover AllIran US Tanker Strikes Escalate Hormuz Fight as Diesel Hits Record $5.88
The prevailing read on the Iran US tanker strikes is that Washington landed a clean, proportionate blow: Iran fired ballistic missiles at two Navy warships, the US disabled or destroyed three…
12/09/2026
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Discover AllUS Manufacturing Construction Spending Collapses as Data Centres Fill the Gap
US manufacturing construction spending has become the consensus shorthand for industrial renewal. The construction data through July 2026 argues the renewal never arrived, and what replaced it…
09/09/2026
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Discover AllWarsh labor market turnover read points to a flaw in the Powell-era JOLTS narrative
The consensus take on Warsh’s labor market turnover remarks at Jackson Hole is that he was simply acknowledging a cooling jobs market. The JOLTS data released alongside that speech tells…
06/09/2026