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Solid 5Y Auction Despite 12th Consecutive Tail, Thanks To Stellar Foreign Demand
Solid 5Y Auction Despite 12th Consecutive Tail, Thanks To Stellar Foreign Demand
After a mediocre 2Y auction on Tuesday, moments ago the Treasury sold the week's second coupon auction when it auctioned off $70BN in 5Y paper to solid demand, some superficial weakness notwithstanding.
The auction stopped at a high yield of 4.182%, up from 3.955% in April and the highest yield since Jan 2025. The auction also tailed the 4.181% When Issued by 0.1bp, which was the 12th consecutive tailing auction for the tenor, the longest stretch on record.
The bid...
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Jun 2, 2026 / Tyler Durden
"The Value Didn't Arrive": Bain Finds Cost-Savings From AI Are Falling Far Short Of Projections
"The Value Didn't Arrive": Bain Finds Cost-Savings From AI Are Falling Far Short Of Projections
Now that attention within the AI revolution has one again firmly turned toward the cost-benefit equation (i..e., ROI) of tokens (see "From Singularity To Tokenomics: The AI Narrative Just Hit A Serious Snag") in particular, and the trillions behind the AI spending rollout in general, and we say once again because every few months we get some iteration of the following report from Goldman published almost two years ago today...
... we have more bad news: according...
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Oct 1, 2026 / Tyler Durden
Jensen, Zuck Gang Up On 'Doomer' Dario Behind Closed Doors At White House AI Summit
Jensen, Zuck Gang Up On 'Doomer' Dario Behind Closed Doors At White House AI Summit
Tuesday's White House "Super Intelligence" luncheon was sold as a kumbaya moment. Tech titans flanked President Trump on the driveway after signing a voluntary, "morally binding" pledge to police themselves, and the cameras got their picture of a united industry calming the public's nerves.
Behind the scenes, it was a different story.
According to the Wall Street Journal, Nvidia's Jensen Huang was among a group of executives who confronted Anthropic CEO Dario Amodei after the East Room...
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Jun 17, 2026 / Tyler Durden
Binance Says It Considers Its EU License Compliant Amid Reports Of Potential Rejection
Binance Says It Considers Its EU License Compliant Amid Reports Of Potential Rejection
Authored by Turner Wright via CoinTelegraph.com,
Cryptocurrency exchange Binance, whose application under the European Union’s Markets in Crypto Assets (MiCA) framework is under consideration, has generally deferred responding to a report that the company’s licensed activities in the region could be at risk.
In a Tuesday blog post, Binance said that Greece's Hellenic Capital Market Commission (HCMC), one of the regulators responsible for overseeing MiCA, had completed its review of the crypto exchange’s application and “considered it compliant with MiCA requirements,”...
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