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Something Very Bad Is Happening to Meta's Debt
Fears about what Meta just reported have spread into bonds, both selling and buying, producing a huge UST rally...and more. Facebook's parent unleashed chaos with more capex and negative cash flow. Meta shares dropped more than 6%. Its bonds weakened relative to Treasuries. The price of credit protection on the company jumped to a record.
And that was just the beginning of a big day in bond-land.
Eurodollar University's Money & Macro Analysis
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What if your gold could actually pay you every month… in MORE gold?…
The skinny
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