Ringing The Bell: Meta Plunges On Report It May Sell "Tens Of Billions" In New Stock

Record-Breaking 30Y Auction Sees Huge Stop Through, 2nd Highest Foreign Demand On Record One day after a blowout 10Y auction, which saw massive buyside demand thanks to the surge in yields earlier after the Bessent buyback disappointed which led to a huge concession into yesterday';s 10Y auction, moments ago we got the week's final coupon auctio when the Treasury sold $22BN in 30Y paper in an auction that was on the verge of blowing away many records. Starting at the top, the auction priced at a high yield of 5.308%, up...

UBS Says Transport Stock Rout Is "Overdone" After Amazon News UBS senior analyst Tom Wadewitz, who covers freight transportation, told clients that Amazon's latest push to open its supply chain network to businesses beyond its own marketplace triggered an "overdone" sell-off in transport names, including UPS, FedEx, and C.H. Robinson. Wadewitz said the risk is not new, noting that Amazon's supply chain service has been around since 2023. He said the pullback has created attractive entry points in select transport stocks, particularly UPS, FedEx, and C.H. Robinson. "While we view AMZN's...

European Car Sales Jump 11% As Fuel Shock Drives EV Demand European auto sales posted their strongest monthly gain in almost two years in March, as robust demand emerged for fully electric and hybrid models. The surge in demand follows the US-Iran conflict, which disrupted energy flows through the Hormuz chokepoint. As a result, petrol and diesel prices at the pump in Europe soared. Another issue is China flooding the continent with cheap EVs, undercutting already struggling domestic automakers. Bloomberg cited new-vehicle registration data for last month showing an 11%...