He could, but it would have to be something like offering China a discount on new issues, at lower yields that lets Bessent ease without going to an auction to refinance at higher yields. The U.S. can’t retract treasuries from another holder without disastrous effect in future sales.
I haven’t seen today’s 7-year either, but the 2 admnd 5-year auctions were horrible. Bid to cover of 2.21 and trending lower and tail prices 3 basis points above WI also trending high…
Edit to add: 7-years…oof! B2C of 2.42 down from 2.50 and tail of 2.3 for 7s. Ouch. This is going to get...
And Bessent doesn’t have many more Euros in his back pocket to help if the Japanese inflation returns and pushes the Yen above 160 again…this time with higher inflation numbers than when Bessent spent €4B-ish last time (to keep USD avail for the round of short-term refinance he did on the...
One should always question the sanity of anyone okay with flying something that has six pieces of flappy fiberglass careening between each other at over 750km/h. 🤪
He really is much more a Red Tory than he is a Blue Grit, but he is absolutely the closest to my previously membership supported PC party (😔 RIP). CPC as it exists today does absolutely nothing for me. If Carney hadn’t come along when he did, the Canadian Future Party would have got my vote again.
Yes, there is some logic to it. DGAEPM overall, the DAEPMs and DTAES (Aerospace Engineering PMs or fleet managers, and the Technical Airworthiness and Engineering Support) in particular, with a bit of 1 CAD A3 OA (Operational Airworthiness) thrown in there. The intent is to separate as much as...
You know what they say about hope…
I doubt Congress and Senate would say much about it…they never commented about a French SSN visiting Canada. Maybe it would take a French SSBN visiting Canada for them to take note?
We’ll see where this goes, but it could be the latest format for aircraft regs.
Historically, CAF/newRCAF aircraft registration used to be Cx-1## for the type designator and each aircraft had a ### fin number that combined with the type designator was that aircraft’s individual registration...
L5P is a solid engine, CL, especially compared to the earlier LBx and LMx variants. Bosch CP4 pump issues resolved, you should be good for a long time. 👍🏼
C56, I SOAP’d all my diesels (I’ve had 5 total, still own 2, total cumulative mileage 875K amongst them - high timer was a Mk IV Jetta 1.9...
Dark horse procurement of Rafale B fighters in place of US ITAR-restricted Gripen looking more and more likely every day.
Countdown until Trump/Hegseth order CAF pers out of Colorado Springs? 🤔
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