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Average 2Y Auction Is A Big Improvement From Last Month's Debale
Average 2Y Auction Is A Big Improvement From Last Month's Debale
In today's first of two coupon auctions (due to the week's truncated schedule as the Fed is on Wednesday), the US Treasury sold $69BN in 2 year paper in a mediocre auction, yet one which was notably stronger than last month's issuance.
The sale stopped at a high yield of 3.812%, down from last month's 3.936% and tailing the When Issued 3.811% by 0.1bps. This however was a big improvement from last month's 1.8bps tail, which was the biggest since...
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May 28, 2026 / Andrew P. Napolitano
A Nation of Suspects
Some of the recent legal challenges to the use of surveillance by the Department of Homeland Security upon Americans have resulted in the revelation of truly terrifying behavior by the government, in direct defiance of the Fourth Amendment to the Constitution. We now know that the federal government spies on innocent Americans without suspicion and […]
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Apr 24, 2026 / Tyler Durden
Israeli Air Force Technicians Charged With Spying For Iran Amid 'Espionage Epidemic'
Israeli Air Force Technicians Charged With Spying For Iran Amid 'Espionage Epidemic'
Via The Cradle
Two Israeli air force technicians who were operating at the Tel Nof Air Base near the city of Ashdod are set to be charged with espionage for Iran in the US-Israeli war launched against the Islamic Republic in late February, Israeli media reported Wednesday.
This marks the latest case in what has been referred to as an "espionage epidemic" in Israel. According to a report by Israel’s Broadcasting Corporation (KAN), the technicians worked on Israel's F15 jets. The two...
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Jun 23, 2026 / Tyler Durden
"This May Be Iran's First Misstep - And Proof Leverage Isn't Total"
"This May Be Iran's First Misstep - And Proof Leverage Isn't Total"
Brent and WTI futures extended declines on Tuesday morning as momentum continued toward an end to the US-Iran conflict. The latest signs of de-escalation include a U.S. waiver allowing some crude and fuel sales from Iran, while Tehran said $12 billion in frozen funds had been released as part of ongoing talks with U.S. negotiators.
Both sides have signaled progress so far this week, further eroding the war premium in crude markets as traders begin to price in...
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