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30-year T approaches 5%

30-year T approaches 5%

As Wall Street resumes operations post the July 4th holiday, the market is grappling with the implications of the President’s tariff commentary. The 30-year Treasury is edging towards 5% today, with the 10-year just below 4.5% as I write. The Treasuries’ sale of...
Where have all the long bonds gone?

Where have all the long bonds gone?

Since the start of the year, both large U.S. corporations and small businesses have faced a highly uncertain financial landscape. With rising interest rates, imposing tariffs, and a volatile political environment, the level of uncertainty is unprecedented. This...
Private Sector Hiring Lowest Since 2023

Private Sector Hiring Lowest Since 2023

The May ADP Employment Report, released today, brought unexpected news-the private sector added only 37,000 jobs, a stark contrast to the anticipated 110,000. These ADP numbers, which reflect the monthly changes in private business hiring, mark the lowest point since...