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Iran Fires Missiles At Israel In First Since April, After IDF Airstrike On Beirut; Trump Urges Israel To Hold Back
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Mar 25, 2026 / Tyler Durden
Terrible 5Y Auction: Worst Bid To Cover In 4 Years, Highest Tail Since 2024, Dealers Jump
Terrible 5Y Auction: Worst Bid To Cover In 4 Years, Highest Tail Since 2024, Dealers Jump
Another day, another very ugly auction.
After yesterday's appallingly bad 2Y auction, moments ago the Treasury sold $70BN in 5Y paper in what was another terrible auction.
Just after 1pm, the auction stopped at a high yield of 3.966%, up from 3.608% in February and the highest since May 2025. It also tailed the When Issued 3.966% by 1.4bps, the biggest tail since Oct 2024.
The bid to cover was 2.29, down from 2.32 last month and...
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Apr 3, 2026 / Tyler Durden
Abu Dhabi Halts Operations At Main Gas Plant After "Falling Debris" From Iranian Strike
Apr 2, 2026 / William L. Anderson
The Duke Faculty and Administration Damaged the Intellectual Foundations of Higher Education
By opposing justice and throwing aside the facts of hard science, the Duke faculty and administration damaged all of higher education during the infamous lacrosse hoax.
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