Creak! Pop! Diesel Soars, Treasury Interventions Fail to Last, and 2027 Could Be a Very Rough Year for Food
As fast as Bessent can stick his fingers into cracks in the markets, new cracks are appearing. How much longer can this all hang together? What should investors be looking at?
Source: Peak Prosperity
―
DW NOTE
The Treasury just doubled its long-dated bond buyback program to suppress yields. The 10-year is already back at 4.71%, up 2.39% in a month. Meanwhile diesel in New England hit all-time highs after an 80% collapse in Russian and Middle Eastern exports, and US inventories fell another 1.5 million barrels despite already tight supply. Bessent is plugging cracks while the Strait of Hormuz stays closed and fertilizer shortages collide with an El Niño forecast — 2027 food prices won't wait for bond interventions to work.