labsoftwaredev.bsky.social
@labsoftwaredev.bsky.social
326 followers 413 following 5.8K posts
Develops medical laboratory software. Emphasis on medical billing. Former Treasury VP (risk mgmt stuff) at ridiculously global bank, gave that up when I figured out they ignored risk management.
![“Something always breaks,” warns John Rocque, head of technical analysis at 22V research. Rocque refers to the unruly recent price action in Treasurys, with the 10-year yield topping 5.2% this morning versus 4.8% three weeks ago and 4.6% in early August.
Over the past five decades, that benchmark rate has experienced similarly violent upward moves on 16 occasions, with some sort of financial disruption – ranging from the Silicon Valley Bank’s 2023 implosion to the Black Monday stock market swan dive of 1987 – reliably following suit. “As sure as day follows night, when the 10-year yield rises [like this], something gets knocked out,” Rocque commented on CNBC. “It just pays to be cautious.”
Still and all, an adventurous spirit predominates in the high-yield primary market. Nine deals totaling more than $17 billion (headlined by double-B-plus-rated SoftBank’s $10 billion offering) priced over the four days through Thursday, marking the busiest week in a year. There’s plenty more where that came from, as double-B-rated Paramount prepares a $44 billion package of investment-grade and junk debt backing its acquisition of Warner Brothers Discovery by early next week, according to Bloomberg.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:p7m4ffaveaav2uzkwn44755u/bafkreigavaeiuzioactwgwmyyjy3qxzrq7jnand4gwmhvjkp4b7fwtucfq)
![Food fight! Kroger Co. took a red pen to its revenue outlook this morning, guiding full-year same store sales growth (excluding fuel) to 0.5% at the midpoint, down from a prior 1.5% outlook and the Street’s 1.3% guesstimate.
Kroger, the nation’s largest grocery store by sales after Walmart and Costco, is working to bolster its market share by “investing in price to show value to an inflation-squeezed consumer,” as Evercore ISI analyst Greg Melich puts it. Yet with scaled back SNAP benefits and elevated fuel costs piling pressure on household budgets, shoppers “are buying more on need,” CEO Greg Foran relayed on the earnings call.
On that score, imminent relief will be hard to come by. As Bloomberg points out, the likes of Conagra Brands, McCormick and Campbell’s have recently detailed plans to raise prices in the coming months to help offset bulging costs. Earlier this week, General Mills disclosed that its spending on logistics has ballooned by 40% year-over-year, thanks in part to skyrocketing diesel prices (hat tip: Adam Josephson at Sakonnet Research).
“There are effectively no major cost sources where [food companies] have seen relief,” Ricky Volpe, professor of agricultural economics at California Polytechnic State University, told Bloomberg today. “A lot of major retailers and manufacturers and wholesalers have been eating it a little bit, seeing their margins decrease a little bit and trying to keep prices low – but that can’t last forever.”](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:p7m4ffaveaav2uzkwn44755u/bafkreih3qntxqxvrb5rclyp3i4ptluf5ywsfmg3e7kg2dlciiev2ofu5rq)
![Imam Ahmad bin Yahya inherited the Yemeni throne in 1948.[17] In 1955, Iraq-trained Colonel Ahmad Thalaya led a revolt against him. A group of soldiers under his command surrounded the royal palace of Al Urdhi at Taiz—a fortified stronghold where the Imam lived with his harem, that also housed the royal treasure, an arsenal of modern weapons, and a contingent of 150 palace guards—and demanded that Ahmad abdicate. Ahmad agreed, but demanded that his son, Muhammad al-Badr, succeed him. Thalaya refused, preferring the king's half-brother, the Emir Saif el Islam Abdullah, the 48-year-old foreign minister. While Abdullah began forming a new government, Ahmad opened the country's coffers and secretly began buying off the Thalaya's soldiers. After five days, the number of soldiers besieging the palace was reduced from 600 to 40. Ahmad then came out of the palace, wearing a devil's mask and wielding a long scimitar, terrifying the besiegers. He slashed two sentries dead before exchanging the sword for a sub-machine gun and leading his 150 guards onto the roof of the palace to begin a direct attack on the rebels. After 28 hours, 23 rebels and 1 palace guard were dead, and Thalaya gave up. Abdullah was later reported executed, and Thalaya was publicly decapitated.[18]](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:p7m4ffaveaav2uzkwn44755u/bafkreiccub3cbn47cu6v3ksrffvf6fgw76soowplvghqf53i22x5mlmcau)
![From the ever-bulging financial innovation files: Coinbase Global announced yesterday it has filed paperwork with the SEC seeking permission to offer single-stock perpetual futures in the U.S. Pending the regulatory green light, American punters can soon place leveraged wagers on individual names around the clock, without actually owning (or shorting) any equity. Back in late May, the Commodity Futures Trading Commission approved Kalshi’s petition to feature so-called perps tracking bitcoin, while Coinbase rolled out the single-stock derivatives for international customers that same month.
Speculators outside the 50 states can broaden their horizons beyond cash equities, as Polymarket debuted dozens of perpetual contracts yesterday offering up to 20 times leverage. The prediction market, which promised the “deepest liquidity [and] lowest fees” in a social media post, offers wagers tracking the likes of Apple, as well as Brent crude and Fartcoin, though the contracts will trade offshore and are unavailable to U.S. investors (sorry, Warren Buffett).](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:p7m4ffaveaav2uzkwn44755u/bafkreiev2b7scxj5nc4p2pof6jjwiei3mlbwfipnps4fnqvaaxtdbxetpy)
![Asked by Robinhood CEO Vlad Tenev to explain his concern, Aron replied that “the list of concerns is almost existential . . . Your stock token pretend[s] to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights.”
A feature, not a bug, perhaps.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:p7m4ffaveaav2uzkwn44755u/bafkreidp2cj2ixrtcl2uuexchl4mzgcmpaw7ocih4ggb3hlsf6w5rao2fa)
