It's not a good day in the markets, Here's a recap.
Source: Mish Talk
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DW NOTE
The 10-year didn't trade above 5% last night, and you can check that yourself. The bond market is pricing energy disruption, not inflation expectations — oil is up 16% this month because the Strait of Hormuz is still closed. If you're going to report multi-year highs, report the actual number.
The custody question: where are central banks storing gold? - OMFIF
Saudi Oil Exports Plunge as Spread of War Shuts Off Shipping Routes - The New York Times
QUESTION: Marty, Bessent is plainly no trader. As you’ve pointed out, he’s spent far too long in the company of market manipulators. I remember your warning that rolling debt into shorter maturities only deepens future fragility. And as you put it, it’s Groundhog Day on repeat. So the question is: d
Bitcoin Magazine Iran Continues Using Bitcoin To Keep Economy Stable: Report Rumors of Iran using bitcoin to skirt transactions have been abound for some time now. Business and regime insiders have reportedly said it's a tried and tested method. This post Iran Continues Using Bitcoin To Keep Econo