China's yield curve is being reshaped in a way that has created confusion across the spectrum. Even policymakers at the PBOC are talking about the need to do something. However, market behavior is consistent with what we're seeing around the rest of the world and how it all relates to China finding a way out of its mess and hitting upon a real recovery. Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------If you want to see what you've been missing - and it's A LOT - then join us at Eurodollar University. Our memberships have got you covered where it comes to mastering monetary mechanics. You won't find this anywhere else. https://www.eurodollar.university/memberships---------------------------------------------------------------------------Bloomberg China Bond Slump Fuels Speculation PBOC Will Resume Debt Buyinghttps://www.bloomberg.com/news/articles/2025-09-14/china-bond-slump-fuels-speculation-pboc-will-resume-debt-buyingReuters Chinese money flows into bonds even as central bank warns of riskshttps://www.reuters.com/markets/asia/chinese-money-flows-into-bonds-even-central-bank-warns-risks-2024-06-27/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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22:55
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22:55
France Just Broke their Bond Market (First Time in History)
For the first time ever, French bond spreads are higher than those seen in Italy (both compared to Germany). This isn't just about "fiscal consolidation" worries and France's government budget, the real issue behind everything is economic differentials. Those need to be turned around and soon else France risks being the new, well, Italy. Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider---------------------------------------------------------------------------------------------------------------------NYT French Government Collapses, Again, Deepening Paralysishttps://www.nytimes.com/2025/09/08/world/europe/france-vote-government-collapse.htmlCNBC France’s Macron names loyalist Lecornu as new prime ministerhttps://www.cnbc.com/2025/09/09/france-macron-names-lecornu-new-prime-minister.htmlCNBC France’s borrowing costs rise after Fitch downgrade — and there could be more bad news aheadhttps://www.cnbc.com/2025/09/15/frances-borrowing-costs-rise-after-fitch-downgrade-.htmlBloomberg French Borrowing Costs Top Italy’s in Historic Market Shifthttps://www.bloomberg.com/news/articles/2025-09-09/french-borrowing-costs-top-italy-s-in-historic-market-shifthttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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21:44
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21:44
BREAKING: Texas Gives MASSIVE Warning Of Consumer Behavior
The oil business is heading for a big bust, putting Texas in the crosshairs. While that's obviously not good for the economy as a whole, energy does tend to be a leading indicators and when the jobs starting being lost in the space in a big way it's a big red flag. Consumers know it, given what was also just reported from them, too. Eurodollar University's conversations w/Steve Van Metre---------------------------------------------------------------------------In a world where markets swing on every headline, focus matters. That’s why Eurodollar University offers One Big Weekly Theme — a disciplined, thematic analysis you can count on.If you don’t have the time to go all the way to the depth of Eurodollar University’s comprehensive Deep Dive Analysis and want the next best thing, One Big Weekly Theme is for you. https://eurodollaruniversity.substack.com/---------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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20:31
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20:31
Oh Sh*t... Something Big Just Broke in the Eurodollar System
Since the July payroll report came out, something seems to have snapped out there in the offshore eurodollar world. Two key sources are signaling a turn toward substantial tightening. Here we go over what those signals are, how to read them in context, and what they mean going forward. Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------If you want to see what you've been missing - and it's A LOT - then join us at Eurodollar University. Our memberships have got you covered where it comes to mastering monetary mechanics. You won't find this anywhere else. https://www.eurodollar.university/memberships---------------------------------------------------------------------------FRBNY Triparty Repohttps://www.newyorkfed.org/markets/data-hubhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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21:31
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21:31
Something Really Weird Just Happened at a Treasury Auction
What if your gold could actually pay you every month… in MORE gold?That’s exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/sniderYesterday's 10-year note auction produced something we've never seen before, and it totally upended everyone's expectations if not more. With the macro climate being what it is, the 10s sale was a "victim" of the increasingly prominent curve reshaping we're seeing everywhere. And "everywhere" absolutely includes the long bond, the 30-year maturity the mainstream has its sights on. Eurodollar University's Money & Macro AnalysisBloomberg Big Banks Nearly Get Shut Out of Treasury 10-Year Auctionhttps://www.bloomberg.com/news/articles/2025-09-10/big-banks-nearly-get-shut-out-of-treasury-10-year-auctionBloomberg Trump Isn’t the Only Reason the Price of Money Is Risinghttps://www.bloomberg.com/news/articles/2025-09-11/podcast-trump-isn-t-the-only-reason-the-price-of-money-is-risinghttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.
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