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Ugly, Tailing 30Y Auction Sees Foreign Demand Tumble, Dealer "Backtop" Bid Jump
Ugly, Tailing 30Y Auction Sees Foreign Demand Tumble, Dealer "Backtop" Bid Jump
After yesterday's stellar 10Y auction, which saw the 5th highest Indirect take down on record, today's reopening of $22BN in 30Y paper (via Cusip UU0) was a mirror image: ugly, poor foreign demand, and tailing.
Starting at the top, the auction priced at a high yield of 5.02%, down fractionally from 5.046% last month (which was the first 5% coupon auction in history). And just like last month, today's auction also tailed the When Issued 5.008% by 1.2bps; this...
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Jun 9, 2026 / Kyle Anzalone
Vance Accuses Israel of ‘Freelancing in Lebanon’
Vice President JD Vance said that US and Israeli interests diverge, suggesting that Tel Aviv was acting in Lebanon without Washington’s approval. The US and Israel “have a lot of shared interests, but we also have some situations where our interests diverge,” Vance said on Fox News on Monday. He added that Tel Aviv was […]
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May 24, 2026 / Tyler Durden
Two Billboards In New York Capture The Conflict Of Our Time
Two Billboards In New York Capture The Conflict Of Our Time
Authored by Kay Rubacek via The Epoch Times,
Two billboards went up in New York City recently. This is a city of advertising, where images appear when someone wants the whole world to see them. One billboard is selling artificial intelligence, and the other is warning about it. The juxtaposition between these two advertisers, who most likely wouldn’t have seen the other’s message in advance, captures the conflict of our times and cements the uncertainty about the future within an...
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May 7, 2026 / Tyler Durden
'Muslim-Only' Water Park Event Canceled By Texas City
'Muslim-Only' Water Park Event Canceled By Texas City
Authored by Tom Gantert via The Epoch Times (emphasis ours),
A Texas city that had a Muslim-only celebration scheduled at a city-owned water park has said that the event would be canceled.
Texas Gov. Greg Abbott speaks to the media at the Texas Capitol in Austin, Texas, on Aug. 22, 2025. Eric Gay/AP Photo
“After further review and in the best interest of the City of Grand Prairie, the June 1 Eid event at Epic Waters Indoor Waterpark has been canceled. No additional comment will...
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