The 30Y sold off. Sun Belt multifamily wrote off. Bifurcation is the trade.
10Y at 4.48%. Today's setup in rates, credit, and deals.
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Softer payrolls, firmer bid. Dry powder is still stacking.
10Y at 4.48%. Today's setup in rates, credit, and deals.
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Sternlicht raised $10B. He's terrified. That's the tell.
10Y at 4.44%. Today's setup in rates, credit, and deals.
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Blackstone rotates, Digital Realty concentrates. Follow the capital.
10Y at 4.38%. Today's setup in rates, credit, and deals.
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Treasuries rally. Credit cracks. Consolidation accelerates.
10Y at 4.38%. Today's setup in rates, credit, and deals.
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Treasuries rally. HY whispers. The bid is bifurcating.
10Y at 4.40%. Today's setup in rates, credit, and deals.
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The rally is real. The politics are getting worse.
10Y at 4.41%. Today's setup in rates, credit, and deals.
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The 10Y is stuck at 4.5%. The market is moving anyway.
10Y at 4.50%. Today's setup in rates, credit, and deals.
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Washington just told the institutional bid to stand down.
10Y at 4.51%. Today's setup in rates, credit, and deals.
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The curve is flattening into a tech rout. Credit hasn't blinked.
10Y at 4.46%. Today's setup in rates, credit, and deals.
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The front end is doing the talking. Listen.
10Y at 4.49%. Today's setup in rates, credit, and deals.
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Warsh kills the dot plot. The curve flattens on cue.
10Y at 4.49%. Today's setup in rates, credit, and deals.
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