Stellar 7 Year Auction Sees 3rd Highest Foreign Award On Record

Equity Supply Surge: What Historically Comes Next Authored by Lance Roberts via RealInvestmentAdvice.com, This past week, the market hit an all-time high. At the same time, Alphabet (GOOG) told investors it would raise $80 billion by selling stock to fund its AI buildout, and the shares fell about 4% on the news. Within days, SpaceX is reportedly set to price one of the largest IPOs ever attempted. If you want a live picture of an equity supply surge meeting a market priced for perfection, you’re looking at it. The question isn’t whether the equity supply...

What began publicly as Donald Trump’s lavish, taxpayer-funded vision of a gilded White House ballroom is now being justified by the administration—in and out of court—as a matter of national security. To President Trump, it seems, a ballroom by any other name is a bunker. And what a bunker it is. Court documents indicate the massive subterranean military […]

Average 2Y Auction Is A Big Improvement From Last Month's Debale In today's first of two coupon auctions (due to the week's truncated schedule as the Fed is on Wednesday), the US Treasury sold $69BN in 2 year paper in a mediocre auction, yet one which was notably stronger than last month's issuance. The sale stopped at a high yield of 3.812%, down from last month's 3.936% and tailing the When Issued 3.811% by 0.1bps. This however was a big improvement from last month's 1.8bps tail, which was the biggest since...