Archive

Dispatch Morning Brief

The market is watching the calm. The desk is counting the interventions.

Dispatch Morning Brief

The Fed leaned hawkish and the Treasury eased the long end — an hour apart

Dispatch Morning Brief

The long bond rose all summer while the coverage watched the strait

Dispatch Morning Brief

Congress built a captive buyer for the front of the curve — nobody is mandated to buy the back

Dispatch Morning Brief

Term premium takes the wheel — the long end sells off as policy bets fade

The Dispatch - Sunday Brief

A related-party book restated from 3% to 40% of invested assets. A trophy franchise sold in 72 hours. Nobody forced the sale. Everybody did.

The Dispatch - Saturday Brief

It moves to where the marks can't be called. A $35 billion evaporation, a $15 billion loss at the market's most profitable firm, and credit spreads that did not move one basis point.

Dispatch Morning Brief

The corporate credit curve ends at ten years. The muni curve doesn't.

Dispatch Morning Brief