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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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Apr 9, 2026 / Tyler Durden
Meteorologists Warn About Super El Nino Event
Meteorologists Warn About Super El Nino Event
Weather forecasters are sounding the alarm about what could become a "super" El Niño event, potentially one of the strongest on record.
"Strongest El Niño on record this year?!" meteorologist Ben Noll wrote on X. Noll said the latest ECMWF outlook indicates a 75% chance of a super El Niño by October, with "some scenarios suggesting the most intense event in more than a century."
Strongest El Niño on record this year?!
New ECMWF guidance shows a *75% chance of a super El Niño* by October,...
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Jun 30, 2026 / Tyler Durden
Democrat-Led States Sue Trump Administration Over Medicaid Work Requirement Rules
Democrat-Led States Sue Trump Administration Over Medicaid Work Requirement Rules
Via American Greatness,
A coalition of 25 Democrat-led states and the District of Columbia filed a lawsuit Monday challenging the Trump administration’s rules implementing new Medicaid work requirements. The suit claims the work regulations unlawfully restrict exemptions for medically vulnerable recipients.
The lawsuit, filed in federal court in Massachusetts, seeks to overturn the administration’s rule governing eligibility exemptions tied to the work requirements.
The states contend the rule conflicts with congressional intent by making it more difficult for individuals with illnesses to qualify for exemptions.
According...
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Jun 22, 2026 / Ryan McMaken
The Fed's Inflation Problem
Mises Editor-in-Chief Ryan McMaken explains how the new Fed chairman faces a political problem with rising prices and the fact the Fed keeps fueling the inflation fire.
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