momo @MoDaPro7

Joined October 2012

Tweets

2K
Followers

548
Following

393
Likes

74K

momo @MoDaPro7

3 days ago

@KobeissiLetter Not +62 tonnes YoY… but 62% increase YoY. Also 1Q demand figures were revised significantly lower from 289t to 57t; 2026 first half total buying lowest since 2022.

0 0 0 71 0

View Details

@Globalflows Also, in terms of growth, the headline 3% growth figure hides an economy where real private domestic activity is waning. Final sales to private domestic purchasers considered the best gauge of underlying demand, showed to 1.2%, the weakest since 2022

0 0 0 38 0

View Details

momo @MoDaPro7

12 months ago

@Globalflows Agree on inflation risk rising, but isn’t labor market softening across the board? July NFP saw the past two months payrolls revised down by 258K + 6M MA of workers transitioning to unemployment rose to 3547K while number transitioning out of unemployment rose by less.

1 0 0 77 0

View Details

momo @MoDaPro7

a year ago

@SuburbanBourbo2 @Globalflows Primarily credit expansion and higher growth prospects… I think the risk isn’t inflation more so to the upside (at least in US relative to eurozone who is cutting + increasing fiscal spending) but risk that inflation remains sticky, at least in shelter and services

0 0 2 46 0

View Details

momo @MoDaPro7

a year ago

@grassosteve @zerohedge - Then Covid hits: Math flips, Treasury yields: 0.75% → 0.40% •Swap fixed rates: 0.65% → 0.80% •So now: •You’re earning 0.40% •But paying 0.80% •Loss of -0.40% per $1 billion, leveraged 10x = disaster

0 0 1 82 0

View Details

momo @MoDaPro7

a year ago

@grassosteve @zerohedge Assume it’s early 2020: 10-year Treasury bond yield: 0.75%, Swap fixed rate: 0.65%, Futures implied yield: 0.55% Buy $1 billion in 10-year Treasury bonds yielding 0.75% Sells (shorts) Treasury futures or enters a swap to pay 0.65% fixed Profit expectation: 0.75% - 0.65% = +0.10%