Trump Tells Starmer 'Do Not Give Away Diego Garcia' As US May Need Island To Attack Iran

The American taxpayer has become the cleanup crew for the American Police State. We pay for the constitutional violations. We pay for the wars. We pay for the lawsuits, the settlements, the cover-ups, the damage control, the reconstruction, the overreach, the incompetence and the corruption. And when government officials are finally called to account for their misconduct, […]

Mediocre 2Y Auction Prices At Highest Yield Since Feb 2025 With Treasury yields sliding 4 days in a row, today's 2Y auction was not seen as especially concerning (certainly not as much as a week ago, when the 10Y was knocking on 4.70%'s door, vs 4.50% where it trades today). Still, while the auction did have it strong sides, it was hardly stellar. Starting at the top, the $69BN sale of 2Y paper priced at a high yield of 4.071%, up 26bps from 3.812% a month ago, and the highest since...

Another Tanker Struck In Strait Of Hormuz As Iran's President Heads To NY Just as the Iranian delegation of President Masoud Pezeshkian is set to fly to New York City for this week's UN General Assembly, where it's expected that the Iranians could be engaged in some sideline diplomacy with the White House, another tanker incident has unfolded off in the Persian Gulf area. The UK Maritime Trade Operations (UKMTO) agency is reporting Monday that an oil tanker has been "struck by an unknown projectile" while on an inbound transit route...