Bullish Or Bearish Into Year-End? BITG & Fundstrat To Face Off

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...

Guggenheim AI Survey Finds Adoption Surging Across Large IT Enterprises As Mass Layoff Fears Fall Flat Building on Goldman's estimate that AI adoption across corporate America currently stands at roughly 20.6% and could rise to 24% by year-end, a Guggenheim Securities survey of 150 large-enterprise IT professionals found that 81% of respondents have already deployed AI agents. Anthropic and OpenAI are leading adoption among AI-native platforms, reinforcing the view that the enterprise chatbot and frontier-model battle is increasingly becoming a two-pony race. The survey found that enterprise adoption of AI...

FBI Raids Office And Cannabis Dispensary Of Virginia State Sen. L. Louise Lucas Federal agents from the FBI executed court-authorized search warrants Wednesday morning at the Portsmouth legislative office of longtime Democratic Virginia State Sen. L. Louise Lucas and at an adjacent cannabis retail business she co-owns, as part of an ongoing federal corruption probe tied to marijuana dispensary operations. Virginia Senate President pro tempore Louise Lucas (D-Portsmouth) listens to debate on the state Senate floor in Richmond, Va., on Feb. 17, 2026. Ryan M. Kelly/AP Photo The raids, which also extended...