Ugly, Tailing 20Y Auction Prices At 2nd Highest Yield On Record; Would Have Been Highest If Bessent Hadn't Panicked

US Services Surveys Show Continued Expansion In June: Jobs Up, Inflation Down Following US manufacturing small dip in June (though still expanding), the US Services sector PMI surveys are a little more mixed but both still solidly in expansion in June: S&P Global US Services PMI ticking up on the month from 50.7 to 51.2 (but a smidge below the 51.3 flash print) ISM US Services PMI dipped from 54.5 to 54 (in line with expectations) “A slight acceleration of business growth in the services economy takes the expansion to the strongest since...

The Iranians are sending their cheapest and oldest missiles first, to deplete the US' stock of interceptor missiles. Then Iran will send its newer, better missiles.

War On The Shore: Maryland Dem Officials Freak Out At Journalists Ahead Of Exposé On Governor The Democratic kings and queens in the one-party–ruled state of Maryland are absolutely panicking, something that should not be happening in a deep-blue state, as their crown jewel, left-wing Gov. Wes Moore, a prospective Democratic presidential candidate, has seen polling data implode. High taxes, surging power bills, a state budget crisis, poor leadership, and even questions about honesty have sparked voter backlash on both sides of the political aisle.  In the battle for narrative...