The United Nations Has Run Out Of Alibis

Mediocre 5Y Auction Tails As Foreign Demand Slides After yesterday's solid 2Y auction, today's 5Y auction was an uglier mirror image.  The sale of $70BN in 5 year paper priced at a high yield of 4.200%, up from 4.182% in May and the highest since Jan 25. It tailed the When Issued 4.193% by 0.7bps, and was the 8th consecutive tail for the 5Y tenor. The bid to cover was 2.351, better than the 2.340 in May and the highest since October.  The internals, however, a disappointment: Indirects took down just 61.60%, a...

US B-2 Bomber Showcases Ability To Launch Stealth Anti-Ship Missile For First Time Authored by Ryan Morgan via The Epoch Times, The U.S. Air Force confirmed, for the first time, that a B-2 Spirit stealth bomber successfully launched an AGM-158C Long-Range Anti-Ship Missile (LRASM) against a target vessel during a naval exercise. A U.S. Air Force B-2 Spirit Stealth Bomber, assigned to the 509th Bomb Wing, deploys an AGM-158C Long Range Anti-Ship Missile to support a live-fire sinking exercise as part of Valiant Shield 2026 over the Philippine Sea, June 27, 2026....

I blundered on Saturday by failing to check the latest updated terrorist profile before visiting Washington, DC. How was I to know that National Guard troops would be on the lookout for 60ish bicyclists who are too damn curious about algae? I went riding around downtown Washington to check the latest Trump administration efforts to […]