The hocus-pocus show falls flat. Well, OK, then.
Source: Wolf Street
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DW NOTE
Bessent announces buybacks the day before an auction — a textbook attempt to goose demand by shrinking supply. The 10-year and 30-year yields spiked anyway. Markets priced the gimmick exactly as it deserved: as confirmation that Treasury needs tricks to clear paper at 4.80% while running a $1.9 trillion deficit.
Today's Digest covers energy markets, Iran's reopening offer, UK warnings of Russian threats, mRNA shedding, FISA withholding, Microsoft buyouts, an AI-flawed court ruling, recruiting immigrant teachers, UK educational outcomes for whites, and advice to start prepping.
Bitcoin Magazine Bitcoin Price Rests Near $80,500 as Midterms, Fed Decision Loom Bitcoin price recovered from an early-morning low near $79,400 to trade around $80,500 on Tuesday, holding above $80,000 ahead of this week’s Fed decision and the November midterms. This post Bitcoin Price Rests Near $
WATCH: Trump says Venezuela sent him 1 million barrels of oil as a 'gift' - PBS
Downside risks are building in gold, but prices still have a path to $5,000 - State Street’s Doshi - Kitco