Commodity prices soar 28%, hitting 14-year high—Fed’s inflation optimism defies commodity reality. 10yr yield surpasses expectations, highest since 2007; bonds sell off, bidders vanish.

Today the CRB rose again, closing at 360.15. That's a 28.2% rise in just seven months.

— Peter Schiff (@PeterSchiff) January 7, 2025

Actually, @dampedspring is right. It was 0.2bps above… basically in line. But was the highest auction stop since 2007. That's a function of the market and the fact the last time 10s where up here we didn't have an auction. Indirects were bad, but directs picked up which has…

— Gordon Johnson (@GordonJohnson19) January 7, 2025

This not good.
This very bad. https://t.co/chmRjNlo2s pic.twitter.com/essVb3pLq3

— The Great Martis (@great_martis) January 7, 2025

Wont stop until something breaks. pic.twitter.com/dp8WkyEecn

— The Great Martis (@great_martis) January 7, 2025