Beta: A Powerful But Faulty Tool For Managing Risk

Ugly, Tailing 30Y Auction Makes History With First 5%+ Yield Since The Great Quant Crash Of Aug 2007 Moments ago, the last refunding auction of the week, the sale of $25BN in 30Y paper, made history: it was the first 30Y auction to print with a high yield above 5%, and a coupon of 5%, since August 2007... which as veteran traders will recall was the month of the historic quant crash which marked the S&P highs at the time and eventually culminated in the global financial crisis.  The auction priced...

German Chancellor Friedrich Merz said that Iran has humiliated the US during the negotiating process. The US and Iran have held a round of talks and exchanged messages through Pakistan, but have been unable to reach an agreement.  “The Iranians are obviously very skilled at negotiating, or rather, very skilful at not negotiating, letting the […]

Big Pharma Forced To Yank COVID Vaxx Study Due To Lack Of Participants Authored by Ben Sellers via Headline USA, Two of the major pharmaceutical companies connected with the controversial COVID vaccines were forced to abandon a new research study after failing to garner enough participants. Pfizer and German vax maker BioNTech had sought to research an updated version of the vaccine in adults ages 50 to 64, but were unable to generate the data needed due to the low enrollment in the trials, Reuters reported. The study was needed in order to meet new guidelines imposed by the Food and Drug Administration that...