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U.S. Gasoline Tops $4.50 As “Shock & Awe” Level Approaches

U.S. Gasoline Tops $4.50 As “Shock & Awe” Level Approaches WTI futures plunged more than 11% to the $90-a-barrel level after Axios reported earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and… Continue reading U.S. Gasoline Tops $4.50 As “Shock & Awe” Level Approaches

U.S. Gasoline Tops $4.50 As “Shock & Awe” Level Approaches

U.S. Gasoline Tops $4.50 As “Shock & Awe” Level Approaches WTI futures plunged more than 11% to the $90-a-barrel level after Axios reported earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and… Continue reading U.S. Gasoline Tops $4.50 As “Shock & Awe” Level Approaches

U.S. Gasoline Tops $4.50 As “Shock & Awe” Level Approaches

U.S. Gasoline Tops $4.50 As “Shock & Awe” Level Approaches WTI futures plunged more than 11% to the $90-a-barrel level after Axios reported earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and… Continue reading U.S. Gasoline Tops $4.50 As “Shock & Awe” Level Approaches

Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps “At Least” In Forward Guidance

Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps “At Least” In Forward Guidance In our preview to this morning‘s Quarterly Refunding Statement, we said that we do not expect major changes and that, at most, the treasury might adjust its statement language to soften the forward guidance on possibly futures increase in coupon auction sizes… Continue reading Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps “At Least” In Forward Guidance

Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps “At Least” In Forward Guidance

Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps “At Least” In Forward Guidance In our preview to this morning‘s Quarterly Refunding Statement, we said that we do not expect major changes and that, at most, the treasury might adjust its statement language to soften the forward guidance on possibly futures increase in coupon auction sizes… Continue reading Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps “At Least” In Forward Guidance

Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps “At Least” In Forward Guidance

Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps “At Least” In Forward Guidance In our preview to this morning‘s Quarterly Refunding Statement, we said that we do not expect major changes and that, at most, the treasury might adjust its statement language to soften the forward guidance on possibly futures increase in coupon auction sizes… Continue reading Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps “At Least” In Forward Guidance