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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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Jul 16, 2026 / Tyler Durden
Biden's Memoir Given Post-Midterm Release, But Will It Hurt Democrats Anyway?
Biden's Memoir Given Post-Midterm Release, But Will It Hurt Democrats Anyway?
Joe Biden's publisher has picked a release date for his memoir, Promise Me, America, and the timing may reflect how little the party wants to talk about him before November.
Biden previously indicated during one of his wife Jill Biden's book events last month that his memoir would be released in September; however, its official publication date has been revealed to be Nov. 17, 2026, two weeks after the midterm elections.
USA Today framed the schedule as a gift to Democratic...
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May 4, 2026 / Dave DeCamp
Iranian Media: Attack on UAE Oil Facility Result of US ‘Adventurism’ in the Strait of Hormuz
Iranian media reported on Monday that the attack on oil facilities in the UAE’s port of Fujairah was the result of US “adventurism” in the Strait of Hormuz. “Iran had no pre-planned intention to attack the Fujairah oil facilities,” an Iranian military official told the Iranian broadcaster IRIB. “The incident resulted from US military adventurism […]
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Aug 7, 2026 / Tyler Durden
Iran Launches Battlefield Trophy Propaganda Campaign With Captured US Reaper Drone
Iran Launches Battlefield Trophy Propaganda Campaign With Captured US Reaper Drone
The off-ramp narrative is growing louder. With the US midterm elections quickly approaching, the Trump administration may have reached its "declare victory and leave" moment, shifting from military operations toward a negotiated peace deal, one that must last more than one month. Treasury Secretary Scott Bessent reinforced that possibility earlier, saying the Strait of Hormuz could reopen "today or tomorrow."
As US negotiations with Tehran appear to be ongoing, the Iranian semi-official news agency Tasnim has released battlefield trophy propaganda...
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