Latest / MPC Markets Morning Call
Stocks end mixed as US Debt hits $40 Trillion
US public debt crossed $40 trillion for the first time and Treasury Secretary Bessent responded with his second market intervention this month — doubling long-bond buybacks to calm a brutal sell-off that pushed the 30-year yield to its highest since 2007. Mark and Philip unpack why the US is effectively inflating its way out of trouble, what it means for gold (which surged past $4,500) and Bitcoin (up 6.5%), and whether the Fed's hawkish minutes change anything with rate-hike odds already fading.
On the corporate front, Moderna posted its best day in history — up 177% — on a breakthrough…
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