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Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024

Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024 After two "terrible" coupon auctions earlier this week, moments ago the Treasury concluded the week's final auction when it sold $44 billion in 7 Year paper. It may not have been quite as terrible as the previous two, but it wasn't much stronger either. Starting at the top, the auction stopped with a high yield of 4.255%, up sharply from 3.790% in February and the highest since Jan 2025. It also tailed the When Issued 4.247% by...
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Mar 24, 2026 / Tyler Durden
Here's Where Rent Growth In The US Is Finally Slowing
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Jul 16, 2026 / Tyler Durden
House Defeats Bid To End Israel Aid While Senate Blocks US-Israel Intel Integration
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Apr 24, 2026 / Tyler Durden
UAE To Move 50% Of Government Services To AI By 2028
UAE To Move 50% Of Government Services To AI By 2028 Finally a practical use of AI. In a world swimming in debt and overrun by government bloat and corruption, Dubai is taking a big step into the future. On Thursday, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President of the UAE and Ruler of Dubai, announced that in two years, 50% of UAE's government sectors, services, and operations will run on Agentic AI, arguably the best use of the new technology yet.  The new "government model" was launched under the directive of...
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