US Apartment Rents Post Largest Annual Decline Since 2017 In March: Report

Terrible 5Y Auction: Worst Bid To Cover In 4 Years, Highest Tail Since 2024, Dealers Jump Another day, another very ugly auction. After yesterday's appallingly bad 2Y auction, moments ago the Treasury sold $70BN in 5Y paper in what was another terrible auction. Just after 1pm, the auction stopped at a high yield of 3.966%, up from 3.608% in February and the highest since May 2025. It also tailed the When Issued 3.966% by 1.4bps, the biggest tail since Oct 2024. The bid to cover was 2.29, down from 2.32 last month and...

22 more people were killed in Lebanon in the last 24 hours and 153 were wounded, according to the Lebanese Health Ministry, as the Israeli invasion and occupation of the south of the country continues to grow. The Health Ministry has documented 1,094 people as having been killed in the Israeli war, since it began […]

Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security Authored by Jacob Burg via The Epoch Times, Energy Secretary Chris Wright on March 13 directed the Texas-based oil company Sable Offshore Corp. to restore operations in water off southern California. Wright invoked the Defense Production Act to restore the company’s Santa Ynez Unit and Pipeline System near Santa Barbara to address supply disruption risks that “have left the region and U.S. military forces dependent on foreign oil,” according to a Department of Energy news release. “The Trump Administration remains...