Bitcoin & The Clash Of Two Inexorable Realities

Germany's Economy Minister Urges Nuclear Rethink As Energy Prices Surge, Growth Forecasts Slide Germany’s Economy Minister Katherina Reiche has openly called for a fundamental reassessment of the country’s long-standing rejection of nuclear power, warning that heavy dependence on gas has left Europe’s largest economy dangerously exposed to repeated energy shocks. Speaking at the launch of a new international investor conference aimed at drawing foreign capital into Germany, Reiche told the Financial Times that the decision by previous governments to phase out nuclear generation has eliminated any realistic alternative for reliable baseload...

Lebanon’s Health Ministry has reported at least 10 people killed today in a flurry of Israeli airstrikes in the south of the country. At least six of the slain were reportedly paramedics and one was a Syrian child. The larger of the two strikes targeted the Shi’ite village of Deir Qanun. Six people were killed […]

Average 7Y Auction Stops On The Screws As Foreign Demand Slides After a solid 2Y auction and a subpar 5Y auction earlier this week, moments ago we got the week's final Treasury issuance when the US auctioned off $44BN in 7Y paper in a perfectly average sale. Starting at the top, the bond priced at a high yield  of 4.260%, down modestly from 4.290% last month and in the middle of a range established in late-2023 after which the 7Y has traded between 3.50% and 5%. The auction also priced...