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Medicore 30Y Auction Has First Tail Since November
Medicore 30Y Auction Has First Tail Since November
After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction.
The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued 4.871% by 0.5bps, the first tail since November.
The bid to cover was 2.385,...
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Jul 2, 2026 / Tyler Durden
Alastair Crooke: Russia Hearing The European Clamor For War, Announces It's Ready
Alastair Crooke: Russia Hearing The European Clamor For War, Announces It's Ready
Authored by Alastair Crooke
The de-escalation framework that unfolded in the US-Iran Lucerne talks largely stayed true to the original Iranian 10-point plan. Meanwhile, President Trump and Vice-President Vance deliberately muddy the waters, claiming that Iran has already agreed to IAEA inspections of Iran’s nuclear facilities (a claim repeatedly denied by Iran): Vance announced that the IAEA could have begun inspections this week. No – – the “Framework” only refers to the possible IAEA supervision of the dilution to...
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Apr 6, 2026 / Tyler Durden
UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
U.S. defense stocks showed signs of stabilizing in April after tumbling since Operation Epic Fury began in late February and sustaining a Mach bloodbath. The improvement followed Friday's White House proposal to lift military spending sharply, to roughly $1.5 trillion in 2027.
UBS analyst Allyson Gordon said Monday morning that the White House budget request "should help sentiment," which has deteriorated since the U.S.-Iran conflict began. Last week, Gordon asked, "Why is U.S. defense performance lackluster?"
Earlier, the analyst said:
Defense...
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Apr 14, 2026 / Wanjiru Njoya
The Danger of Allowing Good Intentions to Override the Constitution
All too often, judges allow sentiment to override the Constitution. While they might refer to a “living Constitution,” what they really mean is that they don’t permit the law to get in the way of their worldviews.
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