Solid 5Y Auction Despite 12th Consecutive Tail, Thanks To Stellar Foreign Demand

According to US intelligence, Iran is quickly restoring missile bunkers and silos after being struck by American and Israeli bombs, and retains close to half their missile launchers along with thousands of drones. Per US Central Command, the US has struck 12,300 targets in Iran since the start of Operation Epic Fury. One of the […]

Rubio Heads To Gulf Capitals As Washington Races To Lock In Iran Deal US Secretary of State Marco Rubio is scheduled to visit Bahrain, Kuwait, and the United Arab Emirates this week, set for June 23–25, following the weekend breakthrough Switzerland-based negotiations with Iran, Department of State Spokesperson Tommy Pigott announced Monday. The announcement comes on the heels of indirect talks between Iranian and American officials - the latter delegation which was led by Vice President JD Vance in person, which took place on Sunday in the Swiss resort of Bürgenstock...

Ugly, Tailing 30Y Auction Makes History With First 5%+ Yield Since The Great Quant Crash Of Aug 2007 Moments ago, the last refunding auction of the week, the sale of $25BN in 30Y paper, made history: it was the first 30Y auction to print with a high yield above 5%, and a coupon of 5%, since August 2007... which as veteran traders will recall was the month of the historic quant crash which marked the S&P highs at the time and eventually culminated in the global financial crisis.  The auction priced...