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Mediocre 5Y Auction Tails As Foreign Demand Slides
Mediocre 5Y Auction Tails As Foreign Demand Slides
After yesterday's solid 2Y auction, today's 5Y auction was an uglier mirror image.
The sale of $70BN in 5 year paper priced at a high yield of 4.200%, up from 4.182% in May and the highest since Jan 25. It tailed the When Issued 4.193% by 0.7bps, and was the 8th consecutive tail for the 5Y tenor.
The bid to cover was 2.351, better than the 2.340 in May and the highest since October.
The internals, however, a disappointment: Indirects took down just 61.60%, a...
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Jul 8, 2026 / Tyler Durden
Trump Says US-Iran Ceasefire Is Over, Will 'Give A Little Warning: Going To Hit Them Hard Tonight'
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Update(0930ET): After earlier saying from the NATO summit in Ankara that the Iran ceasefire is "over" - and amid fears of renewal of full-scale war given that Tehran has launched drone and missile attacks on nearby American allies Kuwait and Bahrain once again, President Trump said on Wednesday that he would "probably hit Iran tonight".
He issued the major threat and warning during a press conference at the NATO summit: "I'll give a little warning:...
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Mar 16, 2026 / Tyler Durden
Israel Expects Iran War To Continue At Least Into April, Lebanon Conflict Longer
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The White House has struggled to present the American public and the world with a clear timeline or precise strategy on Operation Epic Fury, but Israel has seemed clearer on signaling it is settling in for a longer war.
Israel is bracing for its war with Iran to stretch well into April, even as officials quietly concede the government in Tehran is unlikely to collapse, according to Israeli media.
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Jul 13, 2026 / Tyler Durden
Believe All Women - Unless They're Inconvenient
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Authored by Frank Salvato via The American Spectator,
The political Left has spent years promoting the slogan "Believe All Women," using it as a powerful weapon against conservatives, especially during critical events like the Brett Kavanaugh confirmation hearings. But this mantra has never been about seeking justice or protecting victims; instead, it serves as a cynical tool for gaining power - a way to undermine opponents while conveniently overlooking the serial abusers, gropers, and predators within their own ranks.
When the alleged victims are conservative...
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