US Tells Japan To Expect Severe Delays in Delivery of Tomahawk Missiles Due to Iran War

Average 7Y Auction Stops On The Screws As Foreign Demand Slides After a solid 2Y auction and a subpar 5Y auction earlier this week, moments ago we got the week's final Treasury issuance when the US auctioned off $44BN in 7Y paper in a perfectly average sale. Starting at the top, the bond priced at a high yield  of 4.260%, down modestly from 4.290% last month and in the middle of a range established in late-2023 after which the 7Y has traded between 3.50% and 5%. The auction also priced...

Paul Pelosi Faces Charges In Napa County Hit-And-Run Paul Pelosi, the 86-year-old husband of Rep. Nancy Pelosi (D-CA), faces misdemeanor charges for a hit-and-run after allegedly striking a parked car in Napa, California on Friday.  According to a statement from the Napa County Sheriff’s Office, the collision occurred around 2:30 p.m. on July 3, 2026, on the 6700 block of Yount Street in Yountville. A witness reported seeing a brown convertible traveling northbound on Yount Street strike a parked car that was legally positioned on the shoulder of the roadway. The parked vehicle...

House Effort To End Trump's Iran War Fails By One Vote: Guess The Lone GOP Dissenter Two parallel war-related votes in the House and Senate reveal growing dismay and political fractures over President Trump's Iran war, as the Strait of Hormuz remains locked down and ceasefire still seems distant. The Republican-controlled House voted Thursday to reject a resolution ordering the White House to end the war with Iran, as Memorial Day approaches and Americans are anxious over gas prices and general rising costs at the grocery store. The vote was 213-214, almost entirely...