Legacy markets got some much-needed relief this week as benchmark government bond yields fell precipitously, the Fed maintained its rate-hiking “pause,” and softer updates on some key macro indicators gave investors reason to believe the worldwide central bank tightening cycle may be close to over. However, lost in the shuffle for many in the stonk casino was the latest quarterly report from the Treasury Department’s Borrowing Advisory Committee, which – surprisingly for a government agency –
<...and promoted the fednow mark and has built up substantial goodwill in this invaluable asset> 😂