Worth Every Dollar (Until It Isn't)

USAF Seeks 'Dronebuster' Anti-Jammer Gun To Protect Nuclear-Strike Base Whether it's data centers, critical infrastructure, stadiums, corporate headquarters, or even military bases, the U.S. remains largely unprepared to combat one-way attack drones, including Category 1 through 3 drones, because a critical layer of cheap, scalable counter-UAS technology is missing. The proliferation of low-cost drones across Eurasian war zones, from the Ukraine-Russia war to the US-Iran conflict in the Middle East, has permanently changed the course of modern warfare.  One-way attack drones and FPVs have exposed a missing layer of affordable air defense...

Tailing 30Y Auction Prices At Highest Yield In 25 Years After yesterday's ugly 10Y auction, moments ago we got the last of the week's refunding auctions, when the Treasury sold $25BN in 30Y paper (the same paper that has seen yield shoot up in the past week, ever since Warsh's most recent FOMC meeting in which he left the long-end hang out to dry), and just like the 10Y auction before it, this one was also rather deplorable. Pricing at a high yield of 5.216%, the auction tailed the When Issued...

Conference Board Confidence Unexpectedly Jumps To Highest In 2026 Despite war (and rising gas prices) now fully embedded in respondents' minds, it is perhaps surprising that The Conference Board's Consumer Confidence rose considerably more than expected to 92.8 in April (89.0 exp) from an upwardly revised 92.2. Present Situation dipped very modestly from 124.1 to 123.8 (120.1 exp) while Expectations rose from 71.0 to 72.2 (69.2 exp) Source: Bloomberg That is the highest headline print in 2026. “Consumer appraisals of current and expected business conditions declined moderately compared to last month," said Dana M Peterson,...