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Terrible 2Y Auction: Biggest Tail In 3 Years, Dealers Highest Since 2022
Terrible 2Y Auction: Biggest Tail In 3 Years, Dealers Highest Since 2022
With both foreign and domestic investors dumping gold (and anything else not nailed down) to fund oil, at its brand sparkling new price of $170 (in Asia), we were wondering how long before the lack of disposable cash hits US debt. We got the answer today at just after 1pm when we got the results of today's $69 billion 2Year bond auction. In a nutshell, it was terrible.
The auction priced at a high yield of 3.936%, up from...
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May 11, 2026 / Tyler Durden
Target Hospitality Jumps As Data Center Boom Fuels Demand For Worker Camps
Target Hospitality Jumps As Data Center Boom Fuels Demand For Worker Camps
Target Hospitality shares jumped in premarket trading after the company announced a new contract to provide mobile housing solutions and related hospitality services for workers at data center construction projects.
The 48-month contract could generate upward of $750 million in revenue for Target Hospitality, which builds, owns, leases, and operates large temporary or semi-permanent "communities" for workers of major projects. The contract covers 3,370 beds.
Historically, Target Hospitality generated revenue from energy, natural resources, and government-related customers, but since the...
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Jun 11, 2026 / Tyler Durden
Even 'Trust The Election' Pundits Are Suspicious
Even 'Trust The Election' Pundits Are Suspicious
Authored by J.B. Shurk via American Thinker,
California’s rigged elections are difficult to defend...
California Democrats have rigged another election, and outsider Spencer Pratt has been bumped from the Los Angeles mayoral race. On Election Day, Pratt’s lead over third-place Nithya Raman was so large that she publicly cried over her loss. After a week of mail-in-ballot shenanigans, Raman has surged to secure a coveted spot on the November ballot — a statistical improbability in any jurisdiction familiar with arithmetic and basic ethics.
This “come from behind victory” has made it difficult for the usual election-fraud-deniers...
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Jun 8, 2026 / Tyler Durden
The Meaning Behind Putin's Response To Zelensky: "Keep On Working, Brothers"
The Meaning Behind Putin's Response To Zelensky: "Keep On Working, Brothers"
Authored by Larry Johnson via Sonar21.com
Vladimir Putin used a phrase during the closing session of the Saint Petersburg International Economic Forum (SPIEF) that I think most non-Russians missed or ignored. He said, "Work, Brothers." First, let me explain the context for Putin saying this.
Zelensky published an open letter to Putin that I, and many others, believe was timed deliberately to coincide with the SPIEF plenary session… This was a provocative move aimed at disrupting the forum's atmosphere. Putin was asked about...
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