Underperformed. Joe i thought the fed would have to cut again. [laughter] japans u. S. Treasury holdings falling 28. 9 billion, the latest number here. 1. 15l by 28. 9 dollars to trillion. This is according to the treasury department. Nonetheless, japan remains on top as the biggest holder of u. S. Treasuries. Caroline lets dive deeper into our market reporters. At the close, what were you watching . Luke scarlet had a good reference with treasuries in the past. Lets look at treasuries in the future. We have a chart showing the 10 year yield in the one year forward yield. The difference between them on the bottom panel here. But we have got here is that throughout the course of the year, people became very much doubting around the time of the first rate cut and the time that the u. S. Dollar offshore yuan broke seven. A strong move downwards in the yellow line and purple line. That is when people started to think we are in for a global recession, world is over. Since then, you see thos
Thats all ill say. If you just start with the basic idea of two nigerian brothers putting on maga hats and beating the guy up, that was always a little farfetched. Again, it wasnt maga hats. He never said maga hats. He said maga country. But that was the implication. They said maga country. White guys. So, look, unless a lot of coincidences. I cant even qualify it. To be honest, if i wind up being wrong on this, im wrong. But ive never read a more damning proffer on something than this is. So, look, if he made it up, hes going to have to justify it. Dl had good advice for him. If you screwed up and did this, own it. You want to say why you did it this way, do that. But youre not helping the cause, ill tell you that right now. Theres a lot of truth thats going to get covered up by one untruth. My im similar to dl, i say if it is true, confess, throw yourself on the mercy of the court, and of the people, and then see where that leads you. Thank you, chris. Feel better, my friend. Listen,