On Wire

Breaking news, updates, and reports on current events.

Inversion! US Treasury 10Y-5Y Curve Inverts As Investors Flee Treasury Market As Mortgage Rates Hit 4.42%

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by confoundedinterest17 The US Treasury 10Y-5Y curve (aka, the belly of the Treasury beast) has inverted. It is more about the 10Y Treasury yield rising more slowly than the 5Y yield. Freddie Mac’s 30Y mortgage commitment rate rose to 4.42%. Today’s initial jobless claims came in at 187k, the lowest in modern history!! Overheated much? … Read more

BIDENFLATION: Lunchflation stings workers returning to the office as prices for wraps soar 18%, sandwiches 14% and salads 11% in just ONE year.

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Menu prices are at an all-time high since workers have returned to the office Payments company Square calculated the prices of standard lunch items within major cities, including San Francisco, Seattle, New York City, Washington, D.C. Since last March, the average price of wraps is up 18%, sandwiches are up 14%, salads are up 11% … Read more

3M inadvertently discovers a forcefield

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So perhaps this can be a precursor to the Shields on Star Trek’s Enterprise: “David Swenson of 3M Corporation describes an anomaly where workers encountered a strange “invisible wall” in the area under a fast-moving sheet of electrically charged polypropelene film in a factory. This “invisible wall” was strong enough to prevent humans from passing … Read more

The US oil supply unexpectedly plummeted last week!

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US crude oil supply dropped by 2.5 million barrels last week, the Energy Information Administration said The drop signals the US faces stronger supply strains than anticipated and gas prices could rip even higher “If it seems likely an EU ban on Russian energy is coming, Brent crude could easily rally to record high territory … Read more

Another diplomat RIPS Trudeau, calls on the EU to deny him from speaking for ‘trampling’ on human rights!

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I'm overwhelmed by the support and appreciation of the Canadian people, which means a lot to me! Because of that, I published the speech with English translation. Unfortunately, the interpreter ignored that I mentioned the freezing of 200 bank accounts.https://t.co/piraGB0jK4 — Bernhard Zimniok (@BernhardZimniok) March 24, 2022 Another European parliamentarian scorches Trudeau. https://t.co/RyuhOAlPxZ — Ezra … Read more

War on fuels destroys Americans, empowers CCP

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Oil is king when it comes to energy policy, but coal and natural gas are just as important. In the case of all three fossil fuels, Western governments have engaged in an all-out war on exploration, production, and generation, banned Russia’s exports of those products, and then gave a monopoly to China, inducing the worst … Read more

OIL MARKET: The backwardation in the European diesel market is monstrously large. And getting worse.

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OIL MARKET: The backwardation in the European diesel market is monstrously large. And getting worse. The chart is 2nd-to-3rd month gas-oil futures spread, approaching the all-time high set earlier this month when spreads blew-up. All points to an extremely tight market | #OOTT pic.twitter.com/UVO9jJmZBS — Javier Blas (@JavierBlas) March 23, 2022 🇪🇺🇺🇸 Great @ecb heatmap … Read more

10y breakevens above 3% for the first time ever. Congratulations Fed…you got the fire lit. Probably time to stop squirting lighter fluid.

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10y breakevens above 3% for the first time ever. Congratulations Fed…you got the fire lit. Probably time to stop squirting lighter fluid. pic.twitter.com/0aTBhJY0mB — Michael Ashton (@inflation_guy) March 24, 2022 The S&P’s equity risk premium, or the spread of forward earnings yield to 10-yr Treasury yields, “has shifted rapidly from a healthy ‘buyable dip’” to … Read more

We have the worst government at exactly the worst time.

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How can this be possible? https://t.co/ntEiD2d03u — Planet Ponzi (@PlanetPonzi) March 24, 2022 World leaders including U.S. President Joe Biden meet at NATO headquarters, kicking off a trio of emergency summits in Brussels to discuss Russia's war in Ukraine. Live updates: https://t.co/Xgv5CRLagi pic.twitter.com/DkOKcxzlwR — The Associated Press (@AP) March 24, 2022 Another European parliamentarian scorches … Read more

FED’S KASHKARI: INFLATION IS VERY HIGH

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KASHKARI: INFLATION IS VERY HIGH — *Walter Bloomberg (@DeItaone) March 24, 2022 This is gold 😂 pic.twitter.com/FXWKl5RzXS — Tarric Brooker aka Avid Commentator 🇦🇺 (@AvidCommentator) March 24, 2022 https://twitter.com/Ben__Rickert/status/1506830358498922496 Mr. Incompetent and his friends. Inflation version. pic.twitter.com/846i1pdu0D — MAZE (@mazemoore) March 24, 2022 FED'S EVANS: WE WANT TO BE CAREFUL || MAYBE A 50 BPS … Read more

EU approves creation of European military force

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by Chris Black The EU has approved a common defense strategy that involves the creation of a 5,000-strong deployment force – the so-called “Strategic Compass” plan – for the first time in the bloc’s history. Latvian FM Edgars Rinkēvičs said the initiative provides a “necessary toolbox for the EU to become a real geopolitical defense … Read more

Vote Harder Next Time Bro

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by Chris Black You can’t even get a Republican Governor to ban trannies in women’s sports…in Indiana! I know what the solution is. Vote Republican harder next time! GOP Indiana governor vetoes transgender girls sports ban Establishment GOP buckles again https://t.co/Y5BuGzuFj7 — Jack Posobiec (@JackPosobiec) March 22, 2022 Many Republicans (such as the Governor of … Read more