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Stellar 3Y Auction Stops Through Even As Yields Hit 1 Month High

Stellar 3Y Auction Stops Through Even As Yields Hit 1 Month High With yields blowing out today as they followed the sharp increase in oil prices after Iran struck no less than 3 ships crossing the Hormuz Strait (with a Trump response sure to follow), we doubt there was much focus on today's 3Y auction. Which is unfortunate because despite the selloff in the secondary market, the auction itself was quite solid.  The sale of $58BN in 3 Year paper, the week's first coupon auction, priced at a high yield of...
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Apr 9, 2026 / Tyler Durden
House Democrats Threaten Contempt For Bondi If She Doesn't Testify In Epstein Probe
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Mar 13, 2026 / Tyler Durden
Trump Crosses Iran's 'Red Line' By Heavy Bombing Of Kharg Island, Endangering Energy Assets Across Region
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Apr 19, 2026 / Tyler Durden
"No More Mr. Nice Guy": Trump Sends Witkoff To Pakistan For U.S.-Iran Talks As Hormuz Traffic Freezes
"No More Mr. Nice Guy": Trump Sends Witkoff To Pakistan For U.S.-Iran Talks As Hormuz Traffic Freezes By Sunday morning, the latest Bloomberg ship tracking data showed that tanker traffic through the Strait of Hormuz had largely ground to a halt. There were multiple incidents of tankers U-turning over the last 24 hours. At the same time, a senior Iranian official renewed threats to close the Bab al-Mandeb Strait. The Hormuz chokepoint (closed once again after briefly opening on Friday morning) comes as the US blockade of Iranian ports remains in...
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