Bondi prices move inversely to their yields.

Riveting. www.bbc.com/news/article...

"When you want to be serious you don't say every day the opposite of what you said the day before.” - Macron www.bbc.com/news/article...

What are you reading this weekend?

Best skeet ever.

Drubbing in the UEFA Women’s Champions League.

Gift article 🎁 giftarticle.ft.com/giftarticle/... Why the Vatican is at war with Maga

Five-year breakevens will open up naturally.

Futures — equities, commodities, and bonds alike — are showing hesitation in their price discovery as regards whether the war’s shifting aims are now: 1. Paleolithic 2. Mesolithic 3. Neolithic

Ladies and gentlemen — the Wednesday.

Reupping this already.

Type shit.

*TRUMP TO ANNOUNCE EPIC FURY WILL NO LONGER BE IN DACTYLIC HEXAMETER, NEW METRICAL FLEXIBILITY TO SPEED NEGOTIATIONS

Not investment advice.

Jesus isn’t flinching.

“Donald Trump threatened to stop supplying weapons for Ukraine in order to pressure European allies to join a “coalition of the willing” to reopen the Strait of Hormuz, according to people briefed on the discussions.” Gift article 🎁 giftarticle.ft.com/giftarticle/...

“Brothers and sisters, this is our God,” Leo XIV told the faithful in St. Peter’s Square: “Jesus, King of Peace, who rejects war, whom no one can use to justify war. He does not listen to the prayers of those who wage war, but rejects them.” Gift article 🎁 www.bloomberg.com/opinion/arti...

“The equity rally and oil selloff imply roughly a 40 to 50 percent probability of swift resolution. Clean ceasefire, Hormuz reopens, oil normalizes, earnings intact. Our model has that probability at zero. It has been at zero since Day 19.” open.substack.com/pub/unstable...

This sharp observation has me thinking about a parallel between central bank interest rate policy and cap-and-trade policy for CO2 abatement. Starting this as a thought experiment. Carbon market rules and the rate level are both the constraint that was supposed to make the system behave. 1/5

Sword-and-shield manoeuvres are odious. The method is basically Machiavellian. In “The Prince” (1513) one alternates between the lion (force/sword) and the fox (cunning/shield). Don’t be consistently one or the other. The method weaponises unpredictability. Are you using your sword? Or your shield?

While we are all distracted, remember that Cuba is next. Not investment advice.

On God.

Acknowledge, we humbly beseech thee, a sheep

Catching strays from agnostics and atheists.

“Bitcoin’s March resilience” 🤌🏽

Great way to celebrate Easter @loanseyjonesy.bsky.social www.toronto.com/news/blue-ja...

Hang this in the Louvre.

Fixed it.

“We’ll leave because there’s no reason for us to do this.” www.bloomberg.com/news/article...

As a former chemicals trader, I've noticed a lot of recent discussion regarding helium — as well as other market commentary on noble gases and ignoble returns. Here's my new piece, "The Periodic Table of Risk", where I break down commodity pain-points for semis. open.substack.com/pub/unstable...

“The roughly $300 million plane was hit in an attack on Prince Sultan Air Base in recent days, according to a person familiar with the matter asking not to be identified discussing sensitive military operations.”

In a scenario analysis framework, “Trump’s TACO just pulls things back towards Degraded Attrition.” substack.com/@itailourie/...

IYKYK

Brendon Little is very difficult to watch.

Bad day? Read this: “Barbie Dream Fest was created as an intimate fan convention designed to foster meaningful connection, inspiration, and closer access to Barbie and her world. We will be providing full refunds to everyone who purchased tickets." www.bbc.com/news/article...

Stop scrolling & post two characters who bring you happiness.

This man is going to be stripped of his surname. Not investment advice. en.wikipedia.org/wiki/Leonard...

This man is going to be stripped of his forename. Not investment advice. en.wikipedia.org/wiki/Roman_P...

The escalation ladder for prominent Catholic laity: 1. Public rebuke (bishop’s letter, papal statement) 2. Denial of communion (local bishop’s call) 3. Interdict (formal but leaves you in the Church) 4. Excommunication Rome has been firmly on step one with this administration.

*TRUMP LASHES OUT AT POPE, THREATENS TO REMOVE GOD FROM PLEDGE OF ALLEGIANCE

Important context here: This answer was in response to a question about Pope Leo, in which a reporter asked if the White House has any response to pontiff’s comments over the weekend that “God does not listen to the prayer of those who wage war.” Leavitt…doesn’t appear to address that at all here?

How is the ad campaign not IYKYKK www.ykkfastening.com

“Obliterate” comes from Latin oblitterare: ob- (“over”) + littera (“letter”). To obliterate was literally to write over text until erased. The most total destruction in our English-language lexicon is, at root, a clerk crossing out a line.​​​​​​​​​​​​​​​​

pope >>>> CEO

Surprised this wasn’t titled “Canada goose robs bank”: www.cp24.com/video/2026/0...

“And so we find ourselves in the grips of what Theodor Adorno might have called a “mimetic regression” — and a ferocious one at that.” Gift article 🎁 giftarticle.ft.com/giftarticle/...

Is this chart a contrarian buy signal — equities oversold relative to their fundamentals? — or a warning that (1) the pink dot is a leading indicator and (2) the green dots are all about to move south to join it?

"The model didn't blink. We did." open.substack.com/pub/unstable...

post a non-religious picture you think of as holy