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Jim Bianco: Another Sign of How Broken Things Are is the Collapse of Crude Oil

> Since Liberation Day, Crude oil has collapsed 21%

> At $57, it is at its lowest level since April 2021 ... or the lowest point since the Ukraine War started in March 2022.”

> “Bond prices and crude are both crashing together at the same time.”

Source:

By the way the US Treasury has an auction of $39 billion of 10-year notes on Wednesday and $22 billion of 30-year bonds on Thursday.

Should be "interesting" to see who wants these Treasuries in the middle of this chaos.

Another sign of how broken things are ...

Since Liberation Day, Crude oil has collapsed 21%. At $57, it is at its lowest level since April 2021 ... or the lowest point since the Ukraine War started in March 2022.

As noted above, over the last three days, bond yields are soaring https://t.co/8ybhifvuoI

Jim Bianco

Jim Bianco: Another Sign of How Broken Things Are is the Collapse of Crude Oil

> Since Liberation Day, Crude oil has collapsed 21%

> At $57, it is at its lowest level since April 2021 ... or the lowest point since the Ukraine War started in March 2022.”

> “Bond prices and crude are both crashing together at the same time.”

Source: https://x.com/biancoresearch/status/1909835631225979033