Yellen

30Y Breakevens Spike Above 16 Year Downtrend After Yellen Says "Will Explore 50-Year"

It isn’t the first time an ultra-long duration bond has been discussed by the Treasury, and it also certainly won’t be the last time, but moments ago long end of the curve slumped, and the 5s30s steepened to session wides, after Janet Yellen said during her Senate confirmation hearing she’ll look into the possibility of…

Watch Live: Janet "Go Big" Yellen Cheerleads Biden Fiscal Largesse In Nomination Hearings

Janet Yellen’s nomination hearings, which begin today at 10amET, are sure to be the usual parade of partisan back-slapping and gotchas. It is clear from prepared remarks which direction she is heading – “go big.” The former Fed head will tell the committee that the U.S. economy has been suffering from entrenched inequality – and…

Futures Jump Ahead Of Yellen Hearing, Hong Kong Stocks Soar

Global markets and S&P futures rebounded overnight, continuing their advance during Monday’s MLK holiday and recouping all of their Friday losses, tracking gains for shares in most of Europe and Asia on the back of frenzied buying Hong Kong shares by mainland China investors, as traders awaited a speech by Treasury Secretary nominee Janet Yellen…

What Could Yellen Say To Move Markets During Nomination Hearings Tomorrow?

Janet Yellen’s nomination hearings, which begin tomorrow at 10amET, are sure to be the usual parade of partisan back-slapping and gotchas. It is clear from leaked remarks which direction she is heading. Bloomberg reports that the former Fed head will tell the committee that the U.S. economy has been suffering from entrenched inequality – and…

Here Are All The Banks That Paid Janet Yellen $7.3 Million In Speaking Fees In The Past 2 Years

When openly bribing a politician, financier or any other power figure is too – how should we put it – illegal, there is a well-known loophole that has been used for decades to circumvent the straight to jail hazard: the old “pay for speeches” shortcut, where otherwise boring, insipid and uninspirational figures who have nothing…

Did Yellen Anxiety Spark Biggest USD Spike In 6 Months?

After collapsing to critical support levels, the USDollar has soared overnight – its biggest spike in six months… Source: Bloomberg Various reasons for the move include the fact that the USD sits at the epicenter of macro right now (everybody ‘short’ it through various expressions) but between cable weakness (on mutant COVID strain fears as…

The Biggest Janet Yellen Red Flag Is George Akerlof

Authored by John Tamny via RealClearMarkets.com, In Phishing for Phools, a 2015 book that George Akerlof co-authored with Robert Shiller, the authors wrote without even a hint of irony that people “do not do what is really good for them, they do not choose what they really want.” Please think about the previous bit of absurdity…