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Stellar 3Y Auction: 2nd Most Foreign Buyers On Record, Highest Stop Through Since Feb 2025
Stellar 3Y Auction: 2nd Most Foreign Buyers On Record, Highest Stop Through Since Feb 2025
After several weeks of decidedly ugly auction which saw a notable drop in foreign demand amid what we reported a week ago was rampant selling of US debt by foreign central banks, moments ago the Treasury sold 3Y notes in what may have been the best auction since the start of the war.
Just after 1pm, the US treasury sold $58BN in 3Y notes at a high yield of 3.897%, up sharply from 3.579% a month...
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Apr 10, 2026 / Joshua Mawhorter
A Note on “Currency” in Colonial America
In studying history, it is key to avoid definitional anachronism—failing to note how a word has changed over time and assuming the present meaning was the same in the past. This is often the case with the word currency as used in colonial America.
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Aug 9, 2026 / Tyler Durden
Your Tax Dollars At Work: 20 Port Authority Workers, 17 Cops, Make Over $400,000
Your Tax Dollars At Work: 20 Port Authority Workers, 17 Cops, Make Over $400,000
Apparently, one of the best ways to make $400,000 a year in the New York area is to work for the Port Authority, according to the NY Post.
Twenty Port Authority employees, including 17 cops, cleared $400,000 in total compensation last year as the agency's payroll sailed past $1.2 billion. And much of the magic came from everyone's favorite government money fountain: overtime.
According to payroll data obtained by the Empire Center for Public Policy, 323 employees collected...
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Jul 16, 2026 / Tyler Durden
The Big Pharma Psychedelic Buyout Spree Has Begun
The Big Pharma Psychedelic Buyout Spree Has Begun
Submitted by QTR's Fringe Finance
Massive validation for psychedelics…not as drugs, but as investments could be moments away. Just months after I argued for the millionth time that psychedelic drug developers were likely to become acquisition targets as the sector gained legitimacy, it looks like the first major domino may finally be falling.
According to a Bloomberg report published moments ago, Eli Lilly is in talks to acquire AtaiBeckley, one of the leading developers of next-generation psychedelic therapies. While nothing is finalized, Bloomberg reports a deal could...
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