- Treasury yields drop in reversal of surge in previous weeks
Oil rallies second day as OPEC+ considers larger output cut Stocks continued to recover from oversold levels, with traders weighing renewed speculation that global central banks could moderate their aggressive policies to prevent a hard landing. A rally in the S&P 500 put the gauge on track for its best two-day surge since April 2020. On top of the obvious short squeeze, another poor economic reading moved markets Tuesday. US job openings sank to a 14-month low — which may fit well with a Federal Reserve that’s extremely concerned about a hot jobs market. NN: The world came very close to a Lehman Moment. The surge in treasury rates world wide put the global financial system on the edge of the abyss. As you remember in the last financial crises its was credit default swaps. The latest tricky dickey invention by the fraudsters on wall street is a instrument called the LDI… Liability Driven Investment. This product right out of the pit of hell allows the funds and banks appear to have more government securities then they actually have… Its another away around their capital requirements. It gives them a tool to take more of their customers money and roll the dice is stock market and junk bond losing trades….. See story and blog: Wall Streets new way to fuck investors