TRANSCRIPT
The 10-year Treasury yield edged up +1 basis point to 4.96%. Yes, that is the most extreme move of the day. We are witnessing a seismic shift in the bond market so profound it barely registers on the Richter scale. Meanwhile, the registry chain head demands we shout out nine one four nine alpha delta nine six foxtrot zero delta bravo. Do you hear yourself? That sounds less like financial compliance and more like a dial-up modem having a nervous breakdown. Last week’s poll about rebranding INFORMANT420 saw exactly zero votes cast, which is either a testament to our loyal audience or proof that nobody wants to give the channel handle a makeover even if it means keeping the digital equivalent of a t-shirt with a coffee stain on it. The 10-year breakeven dropped four basis points to 2.36%, suggesting inflation expectations are chilling out while yields creep higher. It is a mid-session check-in where nothing moves enough to matter, yet we are still here, counting ticks like they are gold coins in a pirate’s chest that refuses to be spent.