Wednesday, June 4, 2025

Bond Market Buyback

The US Treasury is supporting the Bond Market as never before:

The Treasury purchased $10 billion of its debt on Tuesday, the most since the buyback operation was initiated.

Over the last months, the Treasury Buybacks have trended upward, as indicated by the ZeroHedge chart.

Copper Update

Copper futures hovered below $4.40 per pound on Friday and were on track for a weekly drop of around 24%, pressured by a surprise US tariff ...