AI "Circle Jerk" Returns: Anthropic To Spend $100 Billion On AWS In Amazon Deal

Tailing 10Y Auction Prices At Highest Yield Since 2007 When discussing yesterday's stellar 3Y auction, we said that the impressive demand for 3 year paper indicated that nobody was worried about today's CPI print... and as we learned this morning, that was justified, since the CPI came in right as expected. And since inflation is tame, and the labor market is not overheating, virtually nobody were worried that today's 10Y auction would have any issues finding new holders. Well, they were right: moments ago the US sold $42 billion in...

"Firing On All Cylinders, But..." US Manufacturing Surveys Send Mixed Signals In May With US hard data taking a beating (relative to expectations) last week (red line below), analysts remain hopeful that US Manufacturing will hold up (durable goods orders were solid) with this morning's Manufacturing PMIs set to signal stability. The final May S&P Global US Manufacturing rose to 55.1 (down from the 55.3 flash print) but the strongest since April 2022 ISM's Manufacturing PMI survey also signaled improvement, up from 52.7 to 54.0 (better than 53.0 expected). "At first glance, the...

Lavrov Warns Rubio: Get Diplomats & Americans Out Of Kiev Ahead Of 'Systematic Strikes' Russia has again warned Washington to evacuate embassy staff in Kiev as it prepares to launch "systematic strikes" against the Ukrainian capital, in apparent retribution for last week's deadly Ukrainian drone attack on a college dorm in Starobelsk, in Russian-controlled Luhansk Oblast. It is further and more broadly warning all foreign persons to exit the Ukrainian capital, which has already been getting pounded at various intervals, stretching back days. Russia's foreign ministry slammed the college dorm attack, which killed...