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5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High
5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High
After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction.
The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues.
The bid to cover...
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Mar 26, 2026 / Tyler Durden
Coinbase Opposes Stablecoin Compromise In Senate Crypto Bill: Report
Coinbase Opposes Stablecoin Compromise In Senate Crypto Bill: Report
Authored by Jesse Coghlan via CoinTelegraph.com,
Crypto exchange Coinbase is reportedly against the latest compromise over stablecoin yields that the Senate is looking to include in its crypto market structure bill.
Coinbase representatives told Senate lawmakers in a meeting on Monday that they had concerns over the language around stablecoin yields in the new compromise version of the bill, Punchbowl News reported Wednesday, citing four people briefed on the exchange.
A proposal that circulated earlier this week would have reportedly prevented third parties, such as exchanges,...
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Apr 15, 2026 / Tyler Durden
Twin Suicide Attacks Rock Algerian City Near Where Pope Is Visiting
Twin Suicide Attacks Rock Algerian City Near Where Pope Is Visiting
Algeria has been hit by two terror attacks during Pope Leo XIV's visit, officials say - though at this point there doesn't appear to have been any direct effort at targeting the Pope or his accompanying officials.
Twin suicide attacks rocked a city outside Algeria's capital Monday, just as the American-born Pontiff began his historic visit to the country, AFP reports.
Pope Leo at the presidential palace in Algiers on Monday, via Vatican Media Handout/EPA
"There were two security incidents yesterday afternoon in...
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Mar 15, 2026 / Tyler Durden
Cotton And Stefanik Bill Targets CCP Ties In U.S. Military Trucking
Cotton And Stefanik Bill Targets CCP Ties In U.S. Military Trucking
Submitted by American Truckers United,
Senator Tom Cotton (R-AR) and Rep. Elise Stefanik (R-NY) have introduced the “Trucking Security and CCP Disclosure Act of 2026.” This legislation requires any carrier handling Department of War equipment to certify that neither it nor its subcontractors are owned, controlled by, or maintain significant ties to entities on the Department of Defense’s list of Chinese military companies (section 1260H of the 2021 NDAA).
American Truckers United applauds Senator Cotton for finally taking concrete action on...
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