Six-Month Treasury Yield Begins to Price in One More Rate Hike by Wolf Richter • May 20, 2023 • 130 Comments Either mid-June or possibly in July.
Household Debt as % of Disposable Income Fell to Good-Times Lows, on Much Higher Incomes Despite the OMG Headlines by Wolf Richter • May 16, 2023 • 104 Comments New delinquencies way below the pre-pandemic lows. Bankruptcies at record lows. The OMG stuff in the media about household debt is funny.
Households Far from “Tapped Out”: Credit Card Balances, Burden, Available Credit, Delinquencies & Collections by Wolf Richter • May 15, 2023 • 130 Comments Credit cards are a huge payment method but not a big borrowing method.
Despite Fed Tightening and Bank Collapses, It’s Still an Astoundingly Loose Financial Situation in La-La-Land by Wolf Richter • May 13, 2023 • 207 Comments After years of money printing and pandemic stimulus, it’s hard to wring all this liquidity out of the financial system?
Utter Chaos at the Short End of the Treasury Market and at the 28-Day Treasury Bill Auction: A Deep Dive by Wolf Richter • May 6, 2023 • 153 Comments Investors exacting their pound of flesh for the risk of a default “as early as” June 1.
What Are We Going to Do with All these Unicorns? by Wolf Richter • Apr 26, 2023 • 91 Comments Another Easy-Money hangover.
Short End of the Treasury Market Goes Totally Nuts. Doubts Creep in Over Debt Ceiling? by Wolf Richter • Apr 20, 2023 • 165 Comments The good folks in Congress are surely too worried about their own wealth, and sheer greed will keep them from pushing the US into default. But…
After Huge Plunge, Treasury Yields Are Due for a Big Bounce on Monday. Here’s Why by Wolf Richter • Mar 18, 2023 • 269 Comments What we saw on Friday was large-scale fear of taking big uninsured deposits into a potentially gruesome FDIC weekend.
First Republic Downgraded by S&P from Confidence-Inspiring-LOL “A-” Investment-Grade to BB+, One Itty-Bitty Notch into Junk. Shares, Bonds Re-plunge by Wolf Richter • Mar 15, 2023 • 133 Comments We laugh, but it’s a start. SVB Financial collapsed with investment-grade ratings.
Shopping Mall CMBS Remain Distressed by Marc Joffe • Feb 22, 2023 • 51 Comments Many Commercial Mortgage-Backed Securities received inflated ratings from rating agencies due to the phenomenon of “ratings shopping.”
