What Caused the Collapse of Silicon Valley Bank?

First-Ever Look At America's Classified RQ-180 Stealth Drone? The world is seemingly at war. With multi-front conflicts raging in Eastern Europe and intensifying in the Middle East, this period of elevated World War III risk has coincided with the emergence of some of America’s most advanced stealth aircraft. The latest sighting comes from the Greek news website OnLarissa, which reports that a planespotter captured a "mysterious" stealth-bomber-like aircraft operating near Larissa, Greece, near the Hellenic Air Force (HAF) base. The local outlet stated, "The ferocious warplane was reportedly parked due to...

Europe's Heatwave Is Becoming An Energy Crisis Authored by Tsvetana Paraskova via OilPrice.com, Europe's heatwave is disrupting energy and transport, with low river levels restricting barge traffic on the Rhine and driving up shipping costs for fuel, coal, and other goods. High river temperatures have forced France to cut nuclear power generation, reducing electricity output as reactors face cooling constraints. The extreme weather is adding to Europe's energy challenges, increasing inflationary pressures and threatening economic growth alongside ongoing disruptions from the Strait of Hormuz crisis. The intense early summer heatwave in Europe is warming...

Solid 5Y Auction Despite 12th Consecutive Tail, Thanks To Stellar Foreign Demand After a mediocre 2Y auction on Tuesday, moments ago the Treasury sold the week's second coupon auction when it auctioned off $70BN in 5Y paper to solid demand, some superficial weakness notwithstanding.  The auction stopped at a high yield of 4.182%, up from 3.955% in April and the highest yield since Jan 2025. The auction also tailed the 4.181% When Issued by 0.1bp, which was the 12th consecutive tailing auction for the tenor, the longest stretch on record. The bid...