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Solid 20Y Auction Stops Through With Above Average Foreign Demand
Solid 20Y Auction Stops Through With Above Average Foreign Demand
The week's lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction.
The auction stopped at a high yield of 4.883%, up from 4.817% in March and the highest since last July. It also stopped through the 4.892% When Issued by 0.9bps, the highest since January.
The bid to cover was 2.68, down from 2.76 in March but above the 2.63 six-auction average.
The internals were also solid with Indirects taking...
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May 12, 2026 / Tyler Durden
Ideological Insanity Has Gotten Way Way Worse In The UK...
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Authored by Steve Watson via Modernity.news,
A major exam board has now signed off on gender-neutral language in GCSE French, Spanish and German exams – despite the terms being completely alien to how those languages are actually spoken in their home countries.
The move, buried in new specifications for 2026 exams, hands students the green light to ditch standard masculine and feminine forms in favour of made-up “inclusive” pronouns, nouns and adjectives.
Yes, you read that right. They’re letting students make up their...
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May 27, 2026 / Tyler Durden
Lululemon Calls Truce With Founder Chip Wilson After Stock Collapse, Leggings Quality Implosion
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Lululemon has settled its proxy fight with founder Chip Wilson, ending one of the year's top proxy battles, according to Reuters. This follows a fiery letter to shareholders from Wilson earlier this year, calling for activism, as the athletic apparel retailer has seen its shares collapse, lost market share in the leggings market, and become entangled in multiple see-through leggings quality-control issues with customers.
Reuters first reported Tuesday evening that Lululemon and Wilson were nearing a settlement that...
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Aug 31, 2026 / Tyler Durden
'Betrayal': Internal Pentagon Spat Emerges Over Leaked Middle East Deployment Plans
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A number of US military top generals have taken the rare step of formally registering warnings to Pentagon chief Pete Hegseth over potential plans for a new phase of strikes against a non-compliant Iran.
The warnings reportedly emerged through the Secretary of Defense Orders Book, which enumerates the availability of US military resources and force posture around the world - with direct input from American regional commanders.
via Reuters
The book is typically published twice a month, but this time it was...
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