House Rejects Bill To Renew Warrantless Spy Powers

Think "Weekends" Rather Than "Weeks" By Elwin de Groot, head of macro strategy  As another volatile week comes to an end, investors and market participants appear to be clinging to the hope that the two‑week ceasefire between the United States and Iran, which began on Wednesday, will not unravel entirely – at least until a direct, face‑to‑face exchange and clarification of key demands can take place during the planned talks in Islamabad this weekend. Near‑dated Brent crude edged up by $2 to $97, equity markets posted modest declines in Europe, whilst...

HUD Rejects Transgender Ideology For Women's Shelters Authored by Catherine Salgado via PJMedia.com, The Department of Housing and Urban Development (HUD) is removing radical transgender ideology from dozens of regulations, which will, among other things, reserve women’s shelters only for women, not for mentally ill men. HUD issued a press release on April 23 confirming that it is erasing "radical definitions of gender identity, sexual orientation, and gender" from some 50 regulations. Instead, HUD will apply the biological definition of sex and end the woke prohibition on "gender identity" discrimination. The latter meant...

Stellar 7 Year Auction Sees 3rd Highest Foreign Award On Record In the week's final coupon auction, the US Treasury sold $44 billion in 7 Year notes to stellar demand.  Extending on the strength yesterday's solid (if tailing) 5 Year auction, today's 7 Year sale printed at a high yield of 4.290%, up from 4.175% and the highest since Jan 2025. It also stopped through the When Issued 4.291% by 0.1bps, the first stop through since December 2025. The bid to cover was 2.518, up from 2.513 and the highest since...