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Wall Street is Watching Something More Concerning than Oil
Send us Fan Mail Everyone's been freaking out about oil and stocks, but the scariest thing this past week actually happened in bonds, and almost nobody was talking about it. Last week the US Treasury held three auctions that were utter disasters, with dealer takedown more than double its 12-month average — worse than the tariff panic of April 2025. We get into what that means and why it matters.Then we get into the viral Fortune Magazine article claiming the US Treasury declared the federal government insolvent. It did not... the numbers they used aren't wrong — but the way they used them is…
The skinny
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