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Woohoo... US 10-year (Treasury) yields have sold off twice as much in response to a (highly) consensus PCE inflation print as it did last month to the surprise upside in PPI. Clearly, we're missing the joke by not seeing the flows. When in doubt, resort to rumors of Saudi and Chi...

 

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Iran’s options | Freedman on Putin’s ‘fanaticism’ towards Ukraine

Iran’s potential responses to Israeli strikes on the Damascus consulate that killed top IRGC commanders