Musk Whips Out 'Macrohard' In Disruptive Tesla-xAI Bid To Shaft Software Companies

Mediocre 5Y Auction Tails As Foreign Demand Slides After yesterday's solid 2Y auction, today's 5Y auction was an uglier mirror image.  The sale of $70BN in 5 year paper priced at a high yield of 4.200%, up from 4.182% in May and the highest since Jan 25. It tailed the When Issued 4.193% by 0.7bps, and was the 8th consecutive tail for the 5Y tenor. The bid to cover was 2.351, better than the 2.340 in May and the highest since October.  The internals, however, a disappointment: Indirects took down just 61.60%, a...

Russia's Buffer Zone On Ukrainian Border 'Expanding' As Result Of Worsening Drone Attacks: Kremlin Russia has announced that one key measure that will be taken in response to Ukraine's ramped-up drone attacks on Russian territory, including last month's major strikes on the Moscow area, is the significant expansion of the border 'buffer zone' between the waring countries. "A security buffer zone on the Russian-Ukrainian border is conditioned by the aggressive nature of the Kiev regime and the Russian military is engaged in this process systematically reaching the appropriate progress," presidential spokesman...