One Israeli Soldier Killed, 13 Wounded Overnight in South Lebanon Fighting

Ugly 7Y Auction Tails As Foreign Demand Slides Despite Record High Yield After yesterday's dismal 5Y aucton which pushed yields to multi-decade highs, moments ago the Treasury completed its last coupon auction of the week, selling $44 billion in 7Y paper. It was another ugly auction, if not quite as ugly as yesterday's shitshow. The sale stopped at a high yield of 5.085%, up from 4.512% a month ago and the highest yield on record for 7 Year paper! It was tailed the When Issued 5.078% by 0.7bps, the highest tail since March. The...

Obamacare Premiums Likely To Rise In 2027, Analysts Say Authored by Lawrence Wilson via The Epoch Times, Affordable Care Act premiums rose sharply in 2026 and are likely to continue to do so in 2027, based on early rate change filings by some insurers. A pedestrian walks past an insurance agency that offers Affordable Care Act plans, in Miami on Jan. 28, 2021. Joe Raedle/Getty Images Of the 77 insurers whose proposed rates are now publicly available, the median proposed premium increase is 14 percent, according to a July 8 report by health...

The Frozen Market For Homes Authored by Jeffrey Tucker via The Epoch Times, Mortgage rates on a 30-year loan just hit 7 percent, intensifying problems on the demand side. Mortgages plus insurance—which turns a half-million dollar house into a $1.2 million house plus property taxes—became unaffordable for another class of buyers while already out of reach for most people. On the supply side, millions of existing homeowners are locked into COVID-era mortgages of 3 percent or lower, which makes them negative in real terms. That’s a great deal unless you sell and...