Socialists Are Reaping a Bountiful Political Harvest while They Create Havoc

Medicore 30Y Auction Has First Tail Since November After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction. The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued 4.871% by 0.5bps, the first tail since November. The bid to cover was 2.385,...

To call Trump’s actions king-like is to greatly understate the problem. What we actually face is a massive, self-amplifying executive branch that makes deranged presidents far more dangerous than an actual king could ever be.

Oil Rises After Iran Reiterates Nuclear Enrichment Red Line: "No Uranium Has Left The Country" Summary Iran national security commission 'red line': No uranium has left the country; The right to enrich uranium, the complete lifting of sanctions, and the release of the country's assets are non-negotiable red lines. Sentiment in early morning trade was lifted after Al Arabiya reported that "the coming hours will witness a breakthrough for the situation of the ships stuck in the strait". Pakistani sources said Trump has demanded Iran's "immediate response" to Washington's peace proposal. White House on Wednesday...