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Solid 7Y Auction Prices "On The Screws" With Solid Foreign Demand
Solid 7Y Auction Prices "On The Screws" With Solid Foreign Demand
Today's lone coupon auction, the sale of $16BN in 20Y notes, took place at 1pm, just an hour ahead of the FOMC Minutes release, and the auction was generally very strong, with maybe a one glitch.
The sale stopped at a high yield of 5.122%, up from 4.883% in April, and the second highest in the history of the 20Y auction with just the 5.257% in October '23 printing higher. The yield stopped on the screws with the When Issued...
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Aug 16, 2026 / Tyler Durden
The Decline Of Higher Education Continues
The Decline Of Higher Education Continues
Authored by Mike McDaniel via AmericanThinker.com,
During my second career teaching high school English, I noticed several darkly funny but disturbing trends in “higher” education. They were fueled by three primary drivers: abandoning merit, the federal government taking over the student loan industry, and DEI hysteria.
It was Barack Obama who federalized the student loan industry, pushing the idea that everyone should go to college.
To make that idea a reality, it was necessary for the government to guarantee student loans.
That had plenty of unfortunate and foreseeable...
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Aug 25, 2026 / Tyler Durden
New Home Sales Collapsed In July As Consumer Confidence Hit 7-Month Lows
New Home Sales Collapsed In July As Consumer Confidence Hit 7-Month Lows
The Conference Board's measure of Americans' Consumer Confidence fell from a revised-lower 90.2 to 89.4 in August (below the 90.2 exp) - the lowest since January.
Interestingly, under the hood, we saw Expectations plunge to January lows while Present Situation spiked from 5 year lows...
“Consumer confidence moderated slightly in August for a second consecutive month,” said Dana M Peterson, Chief Economist, The Conference Board.
“The Expectations Index slipped further into negative territory, which was offset by a moderate rise in...
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Jun 3, 2026 / Dave DeCamp
Israel Killed 119 Palestinians in Gaza in May, the Highest Monthly Death Toll of the Year
Israeli forces killed at least 119 Palestinians in Gaza in May, marking the highest monthly death toll of the year, Middle East Eye reported on Wednesday, citing numbers from Gaza’s Health Ministry. Israel has been constantly violating the US-backed ceasefire deal that was signed in October 2025 and has intensified its attacks after the US […]
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