Wait, what now? The 🌞 destroyed your purchase power!

The 30-year Treasury auction today went terribly. Huge price tail; basically a half-failed bond auction. There hasn’t been an auction that bad in many years. Some people chalked it up to a cyberattack on China’s largest bank, which interfered with their ability to do Treasury transactions, while others contested that this was the main issue and instead argued it was a lack of demand for duration. Treasury market liquidity is really weak.

And then like an hour later Jerome Powell was interrupted in an IMF talk by eco-protestors, and he dropped the f-bomb on a hot mic.

Fun stuff.

JUST IN - US doctors say some people should wear masks again as new Covid variant detected, The Guardian reports

Who else is hearing about an attempt for more lock-downs coming back this fall?

JUST IN - Worldcoin says will allow companies, governments to use its ID system.

Hello all…