Mark Carney's Tough Talk On The US Is Rooted In The Liberal Reset Agenda

Brent Nears $110 Then Tumbles On IEA Demand Destruction Warning As Houthis Threaten Saudi Oil Escape Route, Diesel Shock Goes Global Brent crude futures nearly topped $110 a barrel in the overnight hours but fell 3.5% to the $103 handle by 6 a.m. ET, after reports from the International Energy Agency that soaring fuel costs could spark global demand destruction. The global benchmark remained on course for its biggest weekly advance since July. Prices have soared more than 70% this year as the Hormuz chokepoint remains disrupted, energy infrastructure attacks continue...

Average 2Y Auction Stops Through, Has Highest Yield Since Jan 2025 In the week's first coupon auction, moments ago the Treasury sold $69BN in 2Y notes at a high yield of 4.189%, up from 4.071% and the highest yield since January 2025; the auction also stopped through the When Issued 4.192% by 0.3bps, the biggest through since January. The bid to cover was perfectly average at 2.643, unchanged from last month's 2.640 and right on top of the recent average of 2.61. Internals were a bit on the weak side, with Indirects...

US operations against suspected drug boats in Latin America have failed to slow the rate of cocaine entering the US.  The Washington Post reviewed a DEA assessment that found the strikes on vessels operated by alleged narco-terrorists have not changed the amount or price of cocaine entering the US. US military officials also admitted to […]