Latest from the Lens
World events. Market consequences. A good read.
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France’s Bond Crisis Is a Warning Ireland Should Not Ignore
France’s fiscal crisis has escaped parliament and entered the bond market. Ireland may have stronger public finances, but it will not be insulated if…
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Bad News Lifted Stocks. It Did Not Make Money Cheap.
Weak hiring lifted stocks, but rising Treasury yields, strained fuel supplies and France’s fiscal troubles kept pressure on markets. What investors should watch.
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Wall Street Bought the Ceasefire. The Bond Market Asked Who Pays.
The Weekly Lens: On Monday, Wall Street bought the future it wanted. Oil fell, yields eased, and the Nasdaq surged. By Wednesday, Treasury buyers…
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Yields Fell. Oil Slipped. The Risks Did Not.
Stocks surged as the 10-year retreated below 5% and crude eased toward $100. But the energy system remained under pressure, reminding investors that relief…
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The Fed Hiked. The Bond Market Kept Tightening.
The Federal Reserve raised rates for the first time since 2023. The 10-year Treasury crossed 5% anyway, the dollar surged, and Wall Street discovered…
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The 10-Year Reached 5%. The Barrel Cornered the Fed.
Oil remained above $105, a weak Treasury auction exposed fragile demand for US debt, and stocks fell ahead of the Federal Reserve. Wall Street’s…
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Oil Stayed Above $100. AI Hit the Brakes. Bonds Held the Line.
Oil disruption, doubts about the speed of AI development, and a 10-year yield near 5% collided on Monday. Stocks weakened as Wall Street discovered…