A dubious deflation emergency in Europe isn't justification for such low US Treasury yields.

As we expected, an ABS purchase scheme -- along with a surprise rate cut (the last one).

A bad jobs report -- but the key metric in this labor market continued to improve.

Worst case without Scotland: gilts get slightly junked. But no currency crisis, no contagion.

Dots and dissents be damned. The ultra-dovish "Yellen Rule" is completely intact.

Treasuries are waking up to what stocks have known all year: "the Yellen Rule" could work.

41 days till we may have to wait 32 more days to know who controls the Senate.

All that's preventing sovereign buys are feasibility, timing, politics and Draghi's wishes.

Bad news revised away -- and more fake fuel for the narrative that the Fed will tighten.

The equity risk premium has reverted to levels appropriate for a financial pandemic.