AI Hype Meets Hardware Crunch As US Power Equipment Market Eyes $65 Billion Boom

Dismal, Tailing 10Y Auction Sees Lowest Foreign Demand Since Jan 2025 As Yields Soar With 30Y yields trading on the wrong side of 5% today, all eyes were on today's 10Y refunding auction to see if it would be ugly enough to push yields to 4.50% or higher. Here is what happened. Just after 1pm, the Treasury announced that the high yield on today's sale of $42 billion in 10Y paper was 4.468%, the highest yield since Jan 2025, and a 0.4bps tail to the When Issued 4.464%, the 4th consecutive...

Proposed US Deal For Saudi Nuclear Enrichment Is Without Safeguards Via Middle East Eye The Trump administration has greenlit Saudi Arabia's nuclear enrichment project, but with no safeguards in place to prevent the development of a bomb, CNN reported on Friday.  The draft deal, viewed by the news outlet, showed Washington's support for Riyadh’s civilian nuclear program is still awaiting President Donald Trump’s signature, despite US-Saudi negotiations concluding in October. via AFP Unnamed officials cited in the story indicated that the documents, which include the mandatory "123 agreement" and safeguards protocols, have not yet been sent...

New Jersey Lawmakers Pass Bill To Establish Large Load Data Center Tariff By Zachary Skidmore of DataCenterDynamics New Jersey lawmakers have passed a bill that will direct the state's Board of Public Utilities (PUC) to establish a dedicated data center tariff for facilities with a capacity of 50MW or more, in an attempt to shield other ratepayers from cost increases tied to new builds. A similar bill was originally proposed in June of last year by Democratic assemblymen Dave Bailey and Joe Danielsen. However, that initial bill was pocket-vetoed by then-governor Phil...