Trump Endorses Graham's Sister For Full Term, Shattering Expectations Of Short Stay

An Iranian drone attack that hit a makeshift US military operations center at a port in Kuwait on March 1 and killed at least six US troops was much worse than the Pentagon has revealed, according to a report from CBS News. Sources told CBS that dozens of US service members suffered injuries, including brain […]

10Y Auction Tails As Foreign Demand Dips After yesterday's impressive 3Y auction, moments ago the Treasury sold $39 billion in benchmark, 10Y paper, in what was a mediocre auction. The auction, a 9-Year 10-Month reopening of cusip CPX8, stopped at a high yield of 4.282%, up from 4.217% last month and the highest since last August. It also tailed the When Issued 4.280% by 0.2bps, the third consecutive tail in a row. The bid to cover dipped to 2.429 from 2.449, and was also below the six-auction average of 2.48. The internals also...

Amazon In Talks To Sell Its Trainium AI Chips To Other Firms, In Challenge To Nvidia Dominance Amazon is in talks to sell its custom-made Trainium AI chips for use in other companies’ data centers, Bloomberg reports, noting this "represents a key expansion of its efforts to cut into Nvidia's dominance", although a less optimistic read is that the company does not have enough demand or capacity to use the chips for its own uses. Peter DeSantis, Amazon’s AI chief, said the world’s largest cloud computing company has begun discussions but...