sweet_gyokuro2d ago
In February, Treasury sanctioned a dozen Iranian shadow fleet tankers. In March, Bessent proposes to unsanction their cargo — mid-war, with US aircraft still over Iran. Why? The 10-year hit 4.384% on Friday. The $11tn refinancing wall doesn't care about sanctions credibility. The IRGC may earn more per barrel unsanctioned than sanctioned. The macro trader turned bond salesman is funding his enemy to save his yield curve.
https://gyokuro.dev/en/posts/yield-curve-made-him-do-it/
#bessent #iran #oil #ust #sanctions
The Yield Curve Made Him Do It

Bessent proposes to unsanction Iranian oil mid-war. The shadow fleet mechanics explain why the move helps Iran. The bond market explains why he does not care.

Gyokuro Time
Show threadmahadevank
@sweet_gyokuro haha, so true this, I was watching the bond rates yesterday, so we'll just have to keep monitoring it to know when the madman will do something stupid, and when he'll reverse it
Mar 21 at 4:16amWeb
Show threadsweet_gyokuro2d ago
@mahadevank Bond market sees what the press conferences don’t say. Appreciate you watching the same screen. There’s always a pattern to it, let’s see what happens in next few days.
Show threadmahadevank8h ago
@sweet_gyokuro at 4.42% after it inched up in the weekend 😂
Show threadsweet_gyokuro7h ago
@mahadevank Well, even lifeguards take a five-day break sometimes. The ocean doesn’t 🙃