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Iran Deal Countdown, $4.51 Gas & Treasury Yields Hit January High
Audio is available on Spreaker — see link below.
The Iran framework talks enter their final days as gas prices hit a four-year Memorial Day record and Treasury yields climb to their highest since January. Plus: the Trump administration quietly drops a $10 billion IRS lawsuit two days before a critical court deadline.
Audio is available on Spreaker — see link below.
Gas prices at four dollars and fifty-one cents a gallon. Treasury yields at their highest point since January.
Here's what the bond market is telling us. The ten-year Treasury yield touched four point six nine percent this week.
The Memorial Day number is worth holding onto. Four dollars and fifty-one cents per gallon nationally, up fifty-one percent since the war started on February twenty-eighth.
Separately, and with considerably less fanfare, the Trump administration voluntarily dismissed a ten billion dollar lawsuit against the IRS on May eighteenth. The timing is precise: two days before a court deadline that would have required the administration to argue constitutional questions about executive self-dealing.
Closing with the metrics that matter most right now. The Iran deal language needs to close within days for the framework to hold.
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