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Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand
Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand
After yesterday's mediocre 3Y auction, moments ago the Treasury held a stellar 10Y reopening (of cusip QQ7).
The sale of $39 billion in 9 Year-11 Month paper priced at a high yield of 4.538%, up from 4.468% last month, and 0.1bp through the 4.539% When Issued. This was the first stop through following 4 sequential tails for the tenor.
The bid to cover rose from 2.402 to 2.565, well above the six-auction average and the highest since Sept 25.
Internals were impressive:...
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May 13, 2026 / Tyler Durden
Neocon Grandee Robert Kagan Issues Surprise Scathing Critique Of Iran War
Neocon Grandee Robert Kagan Issues Surprise Scathing Critique Of Iran War
Via Middle East Eye
Robert Kagan, one of the United States’ most prominent neoconservative voices and a long-time pro-Israel hawk, has warned that Washington is heading towards "total defeat" in its war on Iran - a setback he says “can neither be repaired nor ignored”.
Writing in The Atlantic, Kagan said the damage inflicted by the conflict cannot be reversed. "There will be no return to the status quo ante, no ultimate American triumph that will undo or overcome the harm done," he concluded bleakly.
AFP...
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May 9, 2026 / Wanjiru Njoya
UK Equality Law Revamp Legislates Socialism
Forget freedom. The rage today in politics is equality, not the kind of equality that promotes liberty but rather the state attempting to force equal opportunities and outcomes. In the end, we get neither liberty nor equality.
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Jul 8, 2026 / Tyler Durden
What Future Awaits Ukrainian Military-Aged Male Refugees In The EU?
What Future Awaits Ukrainian Military-Aged Male Refugees In The EU?
Authored by Andrew Korybko,
Recent moves at the European and national levels bode ill for them...
The European Commission proposed to exclude new military-aged Ukrainian men from the bloc’s special refugee protection scheme per Ukraine’s request to help replenish its lost forces. For background, new Ukrainian Defense Minister Mikhail Fedorov shockingly revealed in January that 200,000 men have already deserted thus far and ten times more (2 million) are actively dodging the draft. Moreover, adult men comprise 26% of the 4.3 million Ukrainians in the EU for another...
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