TRANSCRIPT
The 10-year Treasury yield edged down -1 basis points to 5.17% while the market edges lower too: X:ETHUSD edged down -0.04% and X:BTCUSD edged down -0.01%, sending prices into the 8th and 5th percentiles respectively. Meanwhile, the 10-year breakeven moved +1 basis point in a mathematical dance that only an actuary could applaud. We are told this is a pulse check mid-session, yet our pundit on the right insists our borders are now merely a suggestion rather than a line while he stares blankly at tariff charts. Meanwhile, the left side screams about loving Byron, a name that sounds suspiciously like a bulldozer with bad breath. We read the seal: nine one four nine alpha delta nine six foxtrot zero delta bravo. As for the image of Donald Trump and Melania walking hand-in-hand on a red carpet, let's call it what it is: a very expensive photo op while crude oil debates play out over whether America is back or just borrowing money from itself.