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Brent $95 / UST : risk premia up, Global yields up still / What about Bessent's ''333'' primary plan ? no wonder bonds lower!

  • sc0172
  • 15 hours ago
  • 2 min read

  • Bessent is far behind is initial '333' goals, which were, as a reminder >>> - 3% GDP growth - 3% budget deficit - 3m barrels a day of US oil output and The results so far is appalling : Q2 2026 GDP 1.5% - 2026 deficit projected 6.7% (over 2x target) - 0.6m bpd being produced >>>> No wonder the bond market disagree...!!!

  • G20 statement : see below, but China 'objected' to a few paragraphs referring to 'global imbalances', naturally they would do so, but shows the strains.. and possible risk, eventually of G20 pushing for a Yuan revaluation #USD risk

  • Iran retaliates after US strikes, defying Trump’s warning it could be hit 'much harder'

  • Markets : U.S 10y yields 4.81% (global yields higher, not just US, JPN in a spot of bother too), Japan's 2-Year Yield hits 1.86% for the first time in more than 31 years, Kevin Warsh can impress investors with his anti-inflation zeal or give the White House the monetary policy it demands, but not both !!, looks like some USDJPY light intervention again above JPY160+, crude higher again with Brent near $95 again (must be time for Trump to fold again..), Tech is now officially more capital-intensive than mining >>> beware if/when these equity markets awaken to the ' global bond market crash' (ok sell-off for now but they are all on the move..), reducing eq exposure to 'rates' sensitive sectors looks wise right now..

  • ECB must be prepared to lift interest rates further - Makhlouf

  • Banks rush to swap higher-risk credit assets for BoE cash, not a good #credit sign

  • BOJ chief says rate hikes on table at every meeting, including this month's

    10-year JGB yield's 30-year high reflects global rise in rates, Ueda says

  • US debt is in worse shape than you think. That's because there's been a string of negative data surprises - like weak payrolls and weak retail sales - that should have pulled down the 10-year yield, but they didn't. A sign that risk premia are building...

  • UK's debt problem in short-term can easily be corrected by ending the triple lock!

  • Volkswagen management proposes shutdown of four German plants by 2034, WiWo reports


Is it a wonder bonds are selling off across the globe, and UST's are not spared...? nope






Tech is now officially more capital-intensive than mining.

This represents a fundamental shift in the market.


















 
 
 

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