Beep, boop, click…
>particularly GameStop stock options
I'm sure that went really well
got all the suckers into that one good
Treasuries Post Biggest Annual Loss Ever as Inflation Takes Toll
The US Treasury market notched a record annual loss in 2022, fueled by inflation pressures that prompted the Federal Reserve to hike its overnight benchmark by more than four percentage points. Yields peaked in October or November, (but heading back up as the Japanese had a record month in December of selling USTs and buying JGBsto manage muh Yen >>17983894 pb >>18042235 pb, >>18044771 pb) then retreated as inflation gauges began to show moderation and Fed officials slowed the pace of policy tightening. The yield curve inverted, with rates for 5-year notes first exceeding those for 30-year securities in March, while the gap between two- and 10-year yields also flipped.
Ultimately, these inversions reached historic extremes, signifying that investors expect high short-term yields to do economic damage. The inversion of the two- to 10-year curve hit as much as 85.2 basis points on Dec. 7, before ending the year at around 56 basis points. The five-year premium over the 30-year rate at one point reached as much as 46.8 basis points.
For 2023, many US interest-rate strategists expect Treasuries will extend their recent rally, dragging yields lower and steepening the curve in the second half of the year so long as labor-market conditions soften and inflation ebbs further. The Bloomberg US Treasury Index returned -12.5%, its second straight full-year loss and the biggest in its four-decade history; the worst months for the index were in September (-3.45%), March (-3.11%) and April (-3.10%); the 1Q loss of 5.58% was the biggest on record for a single quarter
2022 changes for benchmark yields:
2Y +369bp
5Y +274bp
10Y +236bp
30Y +206bp
https://www.bnnbloomberg.ca/treasuries-post-biggest-annual-loss-ever-as-inflation-takes-toll-1.1864593
On the contrary as it's been a slow train wreck-they get a new calendar year and new "set of books" to play with
When they pivot by decree (take off the rate raises by saying muh inflation is contained) the markets will sky but when they create a crisis and most likely with Credit Suisse-but it could be any one of 500 banks then it will be bad for markets.
The end result of both will fug the $
Janet (however long she lasts) still haz this to play around with and they use it drop it too..it's not just a pump mechanism.
All done via the Presidential Working Group on FinancialIn addition to the Secretary of the Treasury, the PWG includes the Chair of the Board of Governors of the Federal Reserve System, the Chairman of the Securities and Exchange Commission, and the Chairman of the Commodity Futures Trading Commission. Markets
https://home.treasury.gov/news/press-releases/sm1219
America's Darkest Secret: The Exchange Stabilization Fund
https://steemit.com/informationwar/@richq11/america-s-darkest-secret-the-exchange-stabilization-fund