Nike Turnaround Falters As UBS Says There's "No Reason To Buy" Stock

2Y Auction Tails As Foreign Demand Slides Despite Highest Yield In Over 3 Years Ahead of today's auction, with yields sliding early in the day tracking the drop in oil tick-for-tick, some speculated that participants in today's sale of $69BN in 2 year notes would need a modest concession to show enthusiasm for the auction. And even though yields did push wider until the 1pm stop, it appears it was not enough and the auction was notably on the weak side. Starting at the top, the high yield was 4.787%, a...

DoJ Establishes "Anti-Weaponization" Fund After Trump Drops $10 Billion Lawsuit Against IRS Update (1130ET): The DOJ announces that as a part of the settlement agreement in President Donald Trump v. the IRS, the Attorney General established “The Anti-Weaponization Fund” to provide a systematic process to hear and redress claims of others who suffered weaponization and lawfare. “The machinery of government should never be weaponized against any American, and it is this Department’s intention to make right the wrongs that were previously done while ensuring this never happens again,” said Acting Attorney General...