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Trump Thanks Putin For Kicking Out 755 Diplomats: "We'll Save A Lot Of Money"

Trump Thanks Putin For Kicking Out 755 Diplomats: "We'll Save A Lot Of Money"

In a statement that has been buried by the rest of Trump's barrage of soundbites today, including the ongoing back on forth verbal war on North Korea, as well as Mueller, Manafort and McConnell, during his second meeting with reporters at his golf complex in Bedminster, President Trump said something which could push his war with the intel community and the "deep state" into uncharted territory.

An Insane Bond Market In 4 Charts: "Italian Junk Bonds Yield Less Than US Treasurys"

An Insane Bond Market In 4 Charts: "Italian Junk Bonds Yield Less Than US Treasurys"

In our "WTF Chart of the day" from last Friday, we showed something stunning: European junk bonds yields were the same, and in some cases lower, than comparable-maturity 10Y US Treasurys.

In other words, the distortion unleashed by Mario Draghi's CSPP, or corporate bond buying program unveiled last March, has made European junk bonds "safer" than US government-issued paper.

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