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Warsh Jackson Hole Treasury yields spike as Bessent’s market tricks wear thin
The consensus read on this week’s Treasury market is that a big week of issuance went broadly fine. The Warsh Jackson Hole Treasury yields story tells a different, less comfortable tale:…
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US Aluminium Price Premium Hits 75% as Lobby Groups Kill Canada Deal
The US aluminium price premium over the global benchmark has now reached roughly 75%, a five-fold increase since the current administration’s second term began, and the metals lobby…
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Lutnick Canada Trade Deal Collapse: Sabotage or Incompetence?
The prevailing read on the Lutnick Canada trade deal breakdown is that it was a chaotic, last-minute failure by two sides that came agonisingly close to agreement. The sequence of events,…
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Bessent Diesel Price Confusion Masks a Supply Crisis With Clear Causes
Treasury Secretary Scott Bessent’s admission of Bessent diesel price confusion (‘We have a spike in oil prices today that I don’t really understand’) has drawn…
