Tit-For-Tat Assaults On Shipping Widen: US Intercepts 3 More 'Illicit' Tankers In Asian Waters, Iran Seizes Additional 2 In Hormuz

US To Order 3,000 82nd Airborne Troops To Mideast Amid Reports Of Potential Thursday Peace Talks Summary WSJ, Fox reporting 3,000 elite Army Airborne soldiers to be ordered to Middle East. Axios says US awaits Iran response to proposed Thursday peace talks. Trump says Iran has been destroyed "militarily".  Backchannel diplomacy vs skepticism: Abbas Araghchi reportedly signaled openness to negotiations with the US via envoy Steve Witkoff, but Israel has appeared cool on deal prospects or offramp. Heavy exchange of fire and testing red lines: Iran continues missile and drone waves targeting Israel and US...

As Los Angeles Hits "Breaking Point" Population Exodus, Houston's GDP Rockets Higher California - which spends nearly 40% of taxpayer revenue ($95.5 billion, not including federal funds) on social services that's rife with  fraud - and which spends roughly 25% of its $95.5 billion Medi-Cal budget (free healthcare) on illegal immigrants, is in the midst of a massive population exodus due to housing affordability, crime, taxes, wildfires, parental rights, and homelessness.  And while San Francisco and Los Angeles compete for the biggest cesspool in the country, LA county just took the crown when it comes to population...

Terrible 5Y Auction: Worst Bid To Cover In 4 Years, Highest Tail Since 2024, Dealers Jump Another day, another very ugly auction. After yesterday's appallingly bad 2Y auction, moments ago the Treasury sold $70BN in 5Y paper in what was another terrible auction. Just after 1pm, the auction stopped at a high yield of 3.966%, up from 3.608% in February and the highest since May 2025. It also tailed the When Issued 3.966% by 1.4bps, the biggest tail since Oct 2024. The bid to cover was 2.29, down from 2.32 last month and...