What Is the Yen Revealing About Your Dollars?

23 August 2026

The Fed Owns Over 50% Of All Bonds Maturing Between 10 And 15 Years From Now

Let’s start with Treasuries. We laid out the approach we would take if we were Warsh last weekend…

The outlook for the Middle East war remains grim, the U.S. just threatened Iran with the “toughest sanctions…

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