Economy

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The US and Iran have signed a preliminary MoU outlining a ceasefire, some economic concessions and the reopening of the Strait of Hormuz,…
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The 10yr yield is up, back to the 4.45% area. The rise in the 10yr yield came from a bigger pop in the real yield versus the fall in…
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The May retail sales report showed US consumers continue to spend despite weak sentiment and squeezed household finances. As such, second…
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The newly minted US–Iran ceasefire is only a day old, but markets reacted positively. and Treasury yields fell, and stock prices surged…
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With 97.4% of CME FedWatch traders pricing a rate hold, the FOMC decision due Wednesday carries no arithmetic surprise. The market test…
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The Iran deal gets signed physically on Friday. But already apparently ’electronically signed’. The proof will come from the Strait, and…
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