Average 7Y Auction Stops On The Screws As Foreign Demand Slides

Costa Rica's President Cuts Off Diplomatic Ties With Cuban Regime Authored by Kimberlyh Hayek via The Epoch Times (emphasis ours), Costa Rica’s President Rodrigo Chaves revealed Wednesday that his government has ceased recognizing the legitimacy of Cuba’s communist regime and ordered the Cuban embassy in San José to close. The Costa Rican embassy in Havana, Cuba, on March 18, 2026. Yamil Lage/AFP via Getty Images In a press conference in Peñas Blancas during the inauguration of new U.S.-donated mobile drug scanners at the northern border with Nicaragua, Chaves said the decision was a...

US Core Durable Goods Orders Surge For 11th Straight Month After recent string 'soft' survey data, this morning we get some 'hard' data and it's mixed...ish... Preliminary headline durable goods orders for February fell 1.4% MoM (worse than the -1.2% MoM exp). That is the third monthly decline in a row (the first 3-month decline since Nov 2019) Source: Bloomberg The monthly decline of the headline print largely reflected a decline in orders for aircraft. Boeing said it received fewer orders for its planes in February than a month earlier. On the other hand, core durable...

Trump Expands Critical Minerals Push With Army Bases The Trump administration is taking another step to strengthen the nation's critical minerals supply chain, announcing plans to build a series of mineral processing facilities on U.S. military bases through partnerships with private industry, according to Bloomberg. The initiative marks the first time commercial mineral processing operations will be located on Army installations. The U.S. Army said it has reached preliminary agreements with REalloys, Titan Mining, EnergyX, and Australia's ioneer to develop facilities that will process rare earth elements, graphite, lithium, and boron. REalloys...