Treasuries Shed Supply, Then Grade (#209#) $BUIDL is down $421.81M in seven days to $2.31B, 37% below its July peak, while USTB slid from B (71) to C (58) on $526.73M. Total stablecoin supply barely moved at $318.94B. See the map.

Treasuries could hit 15%, unemployment could spike, and OpenAI could implode. But 8/10 military aged males in the West would find the $ to: - Get a $SONY PS5 - Spend $80 to buy GTA 6 on the PS store - Buy a PSN subscription to play online - Load up on shark cards on PS store

Treasuries now offer more income than almost every S&P 500 stock: Just ~3% of S&P 500 stocks now have dividend yields higher than the 10Y Treasury Note yield, the lowest proportion since May 2007. This marks one of the lowest readings on record in data going back to the early 1970s. This percentage has declined -40 points since the start of 2022. By comparison, 63% of S&P 500 stocks had a higher dividend yield than the 10Y Treasury Note yield in July 2016, an all-time high when excluding the 2020 pandemic crash. To put this into perspective, the long-term average since the 1970s is 18%. The bond market situation is historic.