At Least One Killed as Israel Launches Attacks Across Gaza Despite US-Backed Ceasefire Deal

Solid 7Y Auction Prices "On The Screws" With Solid Foreign Demand Today's lone coupon auction, the sale of $16BN in 20Y notes, took place at 1pm, just an hour ahead of the FOMC Minutes release, and the auction was generally very strong, with maybe a one glitch.  The sale stopped at a high yield of 5.122%, up from 4.883% in April, and the second highest in the history of the 20Y auction with just the 5.257% in October '23 printing higher. The yield stopped on the screws with the When Issued...

Intel Jumps On Report Google Placed 3 Million TPU Foundry Order After last week's sharp sell-off in chip stocks, the latest attempt to keep the AI bubble inflated comes from a report by The Information, which says Google has placed an order with Intel to manufacture more than 3 million Tensor Processing Units in 2028. Google's TPU order with Intel is a big win for the struggling chip foundry as it tries to rebuild its empire in advanced chip production and compete with Taiwan Semiconductor Manufacturing Company (TSMC). The Information's Qianer Liu...

22 EU Leaders Demand "Immediate Action" As Migrant Invasion Raises Fear Of Hybrid Warfare Summary: 22 EU Leaders Demand "Immediate Action" Italy Suspends Schengen Travel Agreement With Spain After Horrifying Ceuta Invasion Spain's Border Invasion Is An Optics Disaster For Open-Border Democrats Crazy Footage Shows Migrants Rampaging, Breaking Into Homes After Invading Spain 22 EU Leaders Demand "Immediate Action" To Spanish Enclaves of Ceuta and Melilla Invasion  European leaders criticized Madrid's socialist government as its open-border policies unraveled for the world to see. The invasion of the Spanish enclaves of Ceuta and Melilla by 50,000 military-aged men...