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Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps "At Least" In Forward Guidance
Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps "At Least" In Forward Guidance
In our preview to this morning's Quarterly Refunding Statement, we said that we do not expect major changes and that, at most, the treasury might adjust its statement language to soften the forward guidance on possibly futures increase in coupon auction sizes with one likely change would be dropping “at least” while retaining the expectation for unchanged coupon sizes over “the next several quarters” (recall Deutsche Bank said it expects nominal coupon increases beginning in February 2027).
Overnight, JPMorgan agreed,...
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Jun 25, 2026 / Tyler Durden
The AI Race Will Be Won Or Lost On Power Infrastructure
The AI Race Will Be Won Or Lost On Power Infrastructure
By Amanda Simonian, chief marketing officer at TerraFlow Energy, first published in UtilityDive
Over the past several months, moving between conversations on Capitol Hill, industry conferences, and meetings with operators, developers and policymakers, I have been struck by how often very different discussions keep circling back to the same underlying concern: power. In congressional offices, it comes up through the language of energy security, industrial policy and what it will take to keep infrastructure ahead of rising electricity demand. Across...
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Apr 17, 2026 / Tyler Durden
Drone Attack On Russia's Tuapse Oil Refinery Unleashes Fire So Large It Can Be Seen From Space
Drone Attack On Russia's Tuapse Oil Refinery Unleashes Fire So Large It Can Be Seen From Space
Russia and Ukraine have continued trading blows on key oil and energy sites, with the latest being a drone attack targeting Russia's Tuapse Oil refinery, which unleashed a fire so large it can be picked up by satellites in space.
The refinery is owned by Rosneft and has suffered major attack before, in a March 2025 Ukrainian operation. Local authorities have declared a state of emergency, after schools and residential buildings suffered damage, and all...
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Jul 1, 2026 / Tyler Durden
These Countries Are Building The Most Small Modular Nuclear Reactors
These Countries Are Building The Most Small Modular Nuclear Reactors
The U.S. is leading the world in small modular nuclear reactor (SMR) development with 28 siting announcements, as of 2026.
This graphic, via Visual Capitalist's Cody Good, in partnership with the National Public Utilities Council, shows which countries are building the most SMRs.
The U.S. Leads Global SMR Development
With 28 siting announcements, the U.S. has more SMR projects in development than the next four countries combined.
Source: The Nuclear Energy Agency
Only 78 of 129 SMR designs being tracked by the NEA are publicly reported in the...
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