top of page

Weak 40y JGB auction / RBNZ cuts / Florida bill on XAG & XAU / NVDA ce soir / FOMC minutes tom

  • Writer: Stéphan
    Stéphan
  • May 28
  • 4 min read

ree

  • Markets : as is, the Big beautiful bill isn't going to fly in Senate, too much spending, debt increase! and weak overnight 40y JGB auctions, yields back up, too much to say about Trump really..., Trump warns Putin 'he is playing with fire', sanctions coming this week ? worth lightening up on risk, we keep an eye on one of our sanction plays (#PALL), RBNZ cut 25bps, Harvard in the news again >>> Yields back up, if sustained, USD and Eq 'at risk' heading into June, month-end bond demand likely, rebalancing relative to equity selling probably (JPM and few others saying), overall SPX500 5900+ gets into rich valuations/weak risk-reward for longs with what's ahead in geopolitics, UKR-RU sanctions probability etc. NVDA after the bell the focus for many today..

  • #XAUUSD Bitcoin is not Quantum-proof — Google researcher says >>> GOLD is 100% quantum proof though !... Governor DeSantis Signs Legislation to Recognize Gold and Silver as Legal Tender in Florida

  • New Zealand cuts rates 25 bps, flags slightly deeper easing cycle as global risks mount

  • Trump could impose new Russian sanction in coming days, Trump reportedly also told Israel’s Netanyahu to avoid steps that undermine Iran nuclear talks; as OPEC+ is about to unleash a flood of new oil supply

  • Germany would consider suspending EU funding to Slovakia if the country continues to diverge from the bloc’s shared direction, according to Merz.

  • BIS urges governments to curb ‘relentless’ rise in debt

  • Bill Ackman: "One thing I believe is that the private equity, venture capital and real estate portfolios are mismarked, up to 40%, nothing 'really' new, but crickey... /Thread

  • HK Chief Exec John Lee invited students from Harvard to continue their studies in Hong Kong, as the United States moved to restrict the university's foreign student enrolment

  • A staggering $7.24 Trillion is now sitting in Money Market Funds, a new all-time high >>> why are investors piling into money markets ? / Thread below, IMHO the 'distrust in long-term debt' 's major league stuff, but liquidity and optionality is key

  • “I was disappointed to see the spending bill, frankly. It actually increases the deficit, not decreases it. It undermines all the work that DOGE has been doing”... Musk...

  • FT-AI boom adds €150bn to value of four of Europe’s oldest industrial groups - electrical equipment makers including ABB and Legrand are surging thanks to a pivot to data centre infrastructure




Japan 40-Year Bond Sale Demand Is Weakest Since July - an outcome that risks fueling further volatility in global debt markets. The average bid-to-cover ratio, a measure of demand, for the bonds was 2.21 for the sale of the finance ministry’s ¥500 billion ($3.5 billion) issue maturing in March 2065. That was higher than 2.92 at the last auction in March


too little too late ?























 
 
 

Comments

bottom of page