Mexico's Cartel Decapitation Strike Fallout: "Not The End, Just The Beginning"

Average 2Y Auction Stops Through, Has Highest Yield Since Jan 2025 In the week's first coupon auction, moments ago the Treasury sold $69BN in 2Y notes at a high yield of 4.189%, up from 4.071% and the highest yield since January 2025; the auction also stopped through the When Issued 4.192% by 0.3bps, the biggest through since January. The bid to cover was perfectly average at 2.643, unchanged from last month's 2.640 and right on top of the recent average of 2.61. Internals were a bit on the weak side, with Indirects...

DOJ Probing Harvard Over Financial Aid Programs Linked To China-Based Sources Authored by Aldgra Fredly via The Epoch Times, The Justice Department (DOJ) said on July 20 that it was investigating whether Harvard University violated Title VI by excluding American students from financial aid programs funded by China-based sources. Harvard University in Cambridge, Mass., on July 4, 2025. Learner Liu/The Epoch Times The DOJ announced that Harvard's foreign funding disclosures raised concerns about its compliance with Title VI of the Civil Rights Act, which prohibits discrimination based on national origin. Universities are required by...

Blue Energy & GE Vernova Bet On Gas Bridge-To-Nuclear For AI Power Blue Energy announced a collaboration with GE Vernova to develop the world's first gas-plus-nuclear power plant in Texas. The project will use two GE Vernova gas turbines to deliver roughly 1 GW starting around 2030. Steam supply will later shift to GE Vernova Hitachi BWRX-300 small modular reactors for up to 1.5 GW of nuclear capacity by 2032.  Work at the Texas site could begin as early as this year, with a final investment decision expected in 2027. The plan is...