I've always been skeptical of the 'inflating debt away' theory, especially for the world's reserve currency. Great analysis here ...

Today's T-bill auction results: 4-week, investment rate of 5.370%, same as last week. 8-week, investment rate of 5.387%, down from last week's 5.393%. In other words: No news.

OK, here you go. The former bond king, Bill Gross, just established the top for the bond market. Hey, he *could* be right, he *could* even be underestimating future yields. Or ... he could be wrong. There you go. williamhgross.com/they-just-wann…

From the article: ' ... the aggressive moderation in tapering, reducing the Fed’s balance sheet, was a bit of a surprise, and modestly bullish for bonds.'

Today's T-bill auction result: 17-week, investment rate of 5.412%, up from 5.406% last week.

Treasury holds I Bond fixed rate at 1.3%; composite rate falls to 4.28%. And that means, no surprises! tipswatch.com/2024/04/30/tre…

The ever-unpredictable Treasury just released the new I Bond rates for May to October purchases: As expected, the fixed rate holds at 1.3%. The composite rate falls to 4.28%. I'll be posting an explanation later this morning. treasurydirect.gov/savings-bonds/…

Today's T-bill auction results: 13-week, investment rate of 5.395%, down from 5.400% last week. 26-week, investment rate of 5.377%, up from 5.372% last week.

My Tipswatch site got a nice call-out from the Wall Street Journal's Jason Zweig over the weekend. Good advice pointed at the average investor. wsj.com/finance/invest…

This seems to indicate that the Treasury *might* accept and complete April I Bond orders on Tuesday, April 30. I'd say that is risky, because the money transer and order may not complete until May 1. So get this done on Monday, at the latest.