Trump and the Phantom Dead of Iran

President Donald Trump has threatened to cut off arms sales to Ukraine if NATO members do not join his coalition to reopen the Strait of Hormuz. While Trump halted military aid to Ukraine, he has continued to sell weapons to NATO members, who transfer the arms to Kiev. According to sources speaking with The Financial Times, […]

The Vatican on Thursday released a video of Pope Leo XIV praying for world leaders to seek peace and disarmament as the US-Israeli war against Iran continues to escalate and spread across the region. “Today we lift up our prayer for peace in the world, asking that nations renounce weapons and choose the path of […]

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...