Macronomics

"Gold's share of global foreign reserves has surged from just 5.77% in 2007 to around 20% in the latest data." - The Market Ear

"Real yields have been the main driver of the Treasury selloff, rising nearly 50 bps since the end of August, while breakeven inflation has moved only modestly, by roughly 5 bps. The divergence indicates that higher nominal Treasury yields reflect an increase…

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MS: Europe enters the heating season with dangerously low natural gas storage

"Hyperscalers are borrowing record amounts with zero care for the cost of that debt. For decades, rising yields choked off new bond supply. This year, US companies have sold $1.69T of bonds, up ~30% on last year. Average yields jumped 1.2% to 5.97% & supply ac…

Porsche shifts back to gas engines after EV, China struggles; German automaker regroups but faces rising competition from Chinese sports cars - Nikkei

Asian gold producers begin hoarding domestic supplies after price rises - Nikkei

Treasury Bond $TLT Call Option volume soars to highest level in history. Traders betting on yields coming down!!