Another Manic Monday Coming

CNN 'Expert' Says Iranian Suicide Dolphins Going After US Ships Americans have been subject to a variety of creative wartime propaganda claims by their government stretching back many decades. From the 'incubator babies' hoax of the first Iraq war, to hyping 'mushroom clouds' over US cities during the 2nd Iraq War, to Gaddafi 'mass rape' allegations through distributing Viagra pills to Libyan troops - there seems to be no end to such bizarre claims out of the D.C. beltway, and the mainstream media is consistently a willing participant in spreading...

Solid 5Y Auction Despite 12th Consecutive Tail, Thanks To Stellar Foreign Demand After a mediocre 2Y auction on Tuesday, moments ago the Treasury sold the week's second coupon auction when it auctioned off $70BN in 5Y paper to solid demand, some superficial weakness notwithstanding.  The auction stopped at a high yield of 4.182%, up from 3.955% in April and the highest yield since Jan 2025. The auction also tailed the 4.181% When Issued by 0.1bp, which was the 12th consecutive tailing auction for the tenor, the longest stretch on record. The bid...

President Trump said in an interview that aired Wednesday that he was “perturbed” with Israeli Prime Minister Benjamin Netanyahu during a phone call on Monday over Israel’s attacks on Lebanon, which haven’t stopped despite Trump suggesting some sort of ceasefire was reached. The president responded to a question about a report from Axios that said […]