#US 10s02s spread/curve

perhaps the most important chart now that the payrolls has really come in weak supposedly taking us closer to a #Fed rate cut

And #NFP come in weak! #Powell had those figures :)

That’s a big beat …

#BTC 's 200-day average just hit a record high, surpassing the previous peak hit in February 2022.

historically, new high in 200-day avg has paved the way for the most intense bull market move.

check out the story CoinDesk

coindesk.com/markets/2024/0…

🇺🇸Net coupon issuance is increasing, putting duration under pressure despite QT tapering.

📈Hence, we might still see 10y yields hitting 5%.

US Treasury net coupon issuance in Q2 tops $500bn for 1st time in 2 years, stabilizing at $300bn+ from Q3, nearly triple pre-Covid levels

😂😂 why not $4 million?

#yen up just 0.35% against #USD after dovish #Powell

This is hardly surprising, he was never going to validate stagflation talks

perhaps Friday's #NFP is going to be horribly weak?

#Powell slower QT doesn't mean our balance sheet will shrink less than it would otherwise

#Powell : unlikely the next policy move will be a hike

#Powell Longer term price expecetations are well anchored

#riskon again i guess

#Powell economic outlook uncertain

Market now sees only 2 rate cuts in the next 12 months

I hope the market doesn't read taper as a sign something is about to break, like it has done with the first rate cut in the past.

Pretty aggressive QE taper and #BTC 's 200-day MA nearing record high, historically a strong bullish signal!

*FED TO SLOW PACE OF BALANCE-SHEET RUNOFF STARTING IN JUNE

*FED CUTS TREASURY RUNOFF CAP TO $25B, KEEPS MBS CAP AT $35B