The two-year yield, now surging, is a leading indicator.
Bonds, junk bonds, spreads, commercial real estate, leveraged loans, over-leveraged companies… all get named as risks to the banks. This is why “gradual” tightening will continue for a long time.
Happily dreaming in La-la-land till the rude awakening.
Well, they do pay higher rates, but not to their own clients.
One mega-deal at a mega price. The rest was dreary.
Wolf Richter with Chris Martenson on Peak Prosperity’s Featured Voices.
Brick-and-Mortar Meltdown sets record. And Q2 starts out on the right foot.
A 39% plunge in three months. But it was spectacular while it lasted.
Highest level since April 2011. Not just the Brick & Mortar Meltdown anymore.
$2 billion just went POOF, from one second to the next.