Energy Department Issues Emergency Order As Hot Weather Conditions Threaten Blackouts

Tailing 30Y Auction Prices At Highest Yield In 25 Years After yesterday's ugly 10Y auction, moments ago we got the last of the week's refunding auctions, when the Treasury sold $25BN in 30Y paper (the same paper that has seen yield shoot up in the past week, ever since Warsh's most recent FOMC meeting in which he left the long-end hang out to dry), and just like the 10Y auction before it, this one was also rather deplorable. Pricing at a high yield of 5.216%, the auction tailed the When Issued...

'Not Simple': Witkoff, Kushner Meet Putin For High-Level Peace Talks Under 72-Hour Ukraine Air Truce Summary:  Putin Tells Witkoff and Kushner that Ukraine War "Not Simple"  Putin Meets Witkoff and Kushner for Peace Talks  US Envoys Witkoff, Kushner Land In Moscow For Peace Talks As Putin Halts Attacks On Kiev New details have emerged about the meeting between US envoys Steve Witkoff and Jared Kushner and Russian President Vladimir Putin earlier today. The meeting began hours after Putin ordered Russian forces to suspend strikes on Kiev for three days. Bloomberg reports that Putin opened talks with...

“Love your enemies.”— Jesus Christ “I hate my opponent and I don’t want the best for them.”—President Trump This country was built on the radical idea that government exists to serve the people—not to control them, monitor them, manage them, or rule over them. That idea is being systematically dismantled by a Deep State determined to […]