Ugly, Tailing 30Y Auction Sees Foreign Demand Tumble, Dealer "Backtop" Bid Jump

An Israeli strike in Gaza on Thursday hit a vehicle in the central part of the Strip, killing at least three Palestinians, as the IDF continues its constant violations of the US-backed ceasefire deal. According to the Quds News Network, two of the Palestinians were part of Gaza’s Civil Defense, the enclave’s agency that’s responsible […]

President Donald Trump posted on Truth Social that Iran had agreed to reopen the Strait of Hormuz, and a two-week truce would begin. “Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan, and wherein they requested that I hold off the destructive force being sent tonight to Iran, and […]

MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff Summary:  First CNBC reports MSFT's first-ever Voluntary Buyout in 51-Year Company History, Then a report by BBG on Meta planning 10% Workforce Cut, All Within Hours To note: Reuters First reported Meta's 10% cut late last week (report)   Meta Layoffs  First, Microsoft unveiled a voluntary buyout program, a move that could incentivize thousands of employees to leave. Now, Meta Platforms has reportedly followed with plans to cut 10% of its workforce. Taken together, today's back-to-back announcements suggest that as Big Tech continues...