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The yield on the US 10-year Treasury note climbed around 5bps to 4.4% on Monday, as renewed tensions in US-Iran negotiations pushed oil prices higher and reignited inflation concerns. Sentiment deteriorated after President Trump rejected Iran’s response to his proposal, warning that the ceasefire was on “life support." The Fed is widely expected to keep the federal funds rate unchanged this year, while investors currently see a 31% chance of a rate hike in March.
Tues: CPI is expected to rise by 0.6% M/M in April (prev. 0.9%)
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S&P is up 0.36% Out the window is the Democrats’ scheme to impeach both Mr. Trump and Veep Vance in 2027 so as to install Hakeem Jeffries in the White House. Yeah, really. That was their plan. | Kunst Arch-neoconservative Robert Kagan conceding U.S. lost war, no way out of dilemma | Moon
Peak Prosperity Digest
Debt Rattle
* Hard evidence that Donald Trump won the 2020 presidential election is coming, and it’s coming soon
The CIA, Barack Obama, Joe Biden and John Brennan | CTH
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