Hegseth Announces New Mandatory Military Testosterone Tests

US Africa Command said on Tuesday that its forces launched airstrikes in northeastern Nigeria on May 18, marking the third day in a row that the US conducted strikes in the West African nation. AFRICOM said the latest strikes were launched in coordination with the Nigerian government and claimed that the targets of the strikes […]

5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction. The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues. The bid to cover...

Israel & Saudi Arabia Engaged In Intel-Sharing Against Houthis, With Pentagon Help Israeli media on Tuesday is awash with reports that the Israeli government is now quietly providing intelligence to Saudi Arabia amid the raging fight with Iran-aligned Houthi rebels in Yemen. The claims definitely ring true given Israel has long faced immediate threats out of Yemen, after earlier in the Gaza war Israeli territory suffered several Houthi ballistic missile hits, including near sensitive facilities like airports. Also, Saudi and Israeli-linked ships are effectively banned from Red Sea shipping amid Houthi...