Recession Signal As Consumers Struggle To Pay Bills

Last US Convoy Exits Syria After Brutal 14-Year Regime Change Proxy War Widespread reports on Thursday say the very last US military convoy has finally departed Syrian territory, with the years-long occupation of the primarily northeast oil and gas rich sector over in a 'mission accomplished' fashion. It brings to a final close the 14-year long bloody proxy war which overthrew the Assad government and ultimately installed a pro-US/Saudi axis puppet, in the person of founding Syrian Al Qaeda Abu Mohammad al-Jolani, now known as President Ahmed al-Sharaa. via Le Monde Hundreds of thousand...

Mediocre 3Y Auction Tails Despite Solid Buyside Demand With markets thrown in turmoil following Trump's threat to restart war against Iran in retaliation for downing a US Apache helicopter, it wasn't clear how today's $58 billion 3 year auction would go. In the end, it wasn't great, or terrible: a little tail, but besides that all metrics were relatively solid.   The auction priced at a high yield of 4.192%, up from 3.965% in May and the highest yield since Feb '25. It tailed the When Issued 4.189% by 0.3bps, the...