UK Allows US To Use British Bases for Strikes on Iran

New York City Appropriates $7 Million For 'Trans Equity', Drag Queen Story Hours Authored by Bryan Hyde via American Greatness, A massive $126 billion spending plan approved by the New York City Council earlier this week includes nearly $7 million for so-called ‘trans equity’ programs and drag queen story hours. The New York Post reports that the budget was approved by Mayor Zohran Mamdani and directs the taxpayer money to programs and services “to help empower the transgender and gender non-conforming (TGNC) community.” NYC budget funnels $7M to transgender programs, drag story hours For the record, Drag Queen...

Average 7Y Auction Stops On The Screws As Foreign Demand Slides After a solid 2Y auction and a subpar 5Y auction earlier this week, moments ago we got the week's final Treasury issuance when the US auctioned off $44BN in 7Y paper in a perfectly average sale. Starting at the top, the bond priced at a high yield  of 4.260%, down modestly from 4.290% last month and in the middle of a range established in late-2023 after which the 7Y has traded between 3.50% and 5%. The auction also priced...

French Municipal Elections Provide Early Test For Le Pen's National Rally Ahead Of 2027 Presidential Race Takeaways France held the first round of municipal elections on Sunday in nearly 35,000 municipalities, serving as an initial indicator of political momentum ahead of the 2027 presidential election. Marine Le Pen’s National Rally (RN) is seeking to expand its limited local presence, with ambitions focused on southern cities such as Perpignan, Marseille, Nice and Toulon. Pre-vote polls suggested competitive races in key targets, but full first-round results and projections are emerging gradually after polls closed, with...