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Treasury sold 30-year inflation-protected debt at 2.973%, the most since 2001, and primary dealers were left holding 2.10% of it. The same morning a canal cut traffic to 34 ships with its lake at a five-year average. Both are the same story.
Treasury is enlarging scheduled long-end buybacks as private-credit funds enforce contractual limits. The lesson is not that public bonds have a new backstop; it is that quoted liquidity and contractual access are different things.
The SEC stopped answering. An insurer reclassified $16bn. The 30-year hit its highest since 2007. Four gaps opened this week between the risk a long-horizon owner holds and the systems used to measure, govern and price it.
The 8-K discloses the cap, the trigger and the indemnity. The DOE disclosed the gas in February.
Reuters, citing Kpler, counted five Saturday transits and none on Sunday, against 31 the weekend before. A vendor zero is not a closed strait.
Spain licensed Almaraz through 8 June 2030. India closed new FCNR(B) deposits after $52.300 billion. CPP Investments printed a 7.5% quarter.
NBIM votes 0.01% of SpaceX. GIC backs Anthropic's landlord. Six giants chase $500bn of compute credit. Canada's pensions split 9.5 / 5.1 / 4.8.
Two numbers from one bank on one day. Only one is a signed commitment of the bank's own capital — and even that has not closed.
The world's largest fund just posted a record half-year. Its allocation decisions subtracted from it.
Six firms sign MoUs to lend against GPUs as infrastructure — Nvidia may backstop up to $125bn. OTPP's broad-based 9.5%. The Rhine stops at Kaub. Hormuz, disrupted since February, gets a price list.
UAO Daily Video Brief — August 10: When a trade route becomes a negotiating instrument
Physical alternatives matter only if ships, crews and insurers will use them. Hormuz, the Red Sea and the Black Sea give asset owners a reason to test where supposedly diversified exposures share the same contractual bottlenecks.
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