EU Targets Head Of Russian Orthodox Church With Sanctions

5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction. The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues. The bid to cover...

Le Pen And AfD Join Forces: Heavy Headwinds For Von Der Leyen's EU Mega-Budget Submitted by Thomas Kolbe A breather in the European bond market. After yields on ten-year French government bonds brushed against the 5-percent mark in late trading on Friday, the situation calmed again at the start of the week. Two politically significant developments, one from Germany and the other from France, apparently acted like circuit breakers as they are known in the markets. On Monday, an AfD strategy paper was circulating. In this pamphlet, the party’s European policy experts had...

Marjorie Taylor Greene Amplifies Viral Doubts About Butler Assassination Attempt Former Congresswoman Marjorie Taylor Greene has drawn attention to a detailed personal account from a longtime Trump supporter who now questions key elements of the July 13, 2024, assassination attempt on then-candidate Donald Trump at a campaign rally in Butler, Pennsylvania. In an April 12 post on X, Trisha Hope, a self-described J6 activist and 2024 Republican National Convention delegate from Texas, details how she shifted from staunch MAGA supporter to skeptic -  writing "I learned of the attempt on Trump's...