‼️ 🇺🇸 JPMorgan’s James Sullivan warns that U.S. Treasury efforts to ease market pressure may only defer the problem. By repurchasing longer-dated bonds and funding with short-term bills, the Treasury provides near-term relief but does not reduce the underlying debt burden—leaving investor demand vulnerable as global debt issuance rises.
‼️ Hedge funds cut short-only bets on European diesel to a two-year low and added fresh long positions, signaling expectations that the historic fuels crunch will persist.