Yields Hit Session High After Subpar 5Y Auction Tails For 10th Consecutive Time As Foreign Buyers Shrink

Johnson Says Reconciliation Is The Only Path For The SAVE Act Speaker Mike Johnson returned to the Capitol this afternoon after several hours at the White House, telling reporters that the only viable path to enact the SAVE Act is to attach it to a reconciliation bill - and that work is already underway. "The only way to get the SAVE Act to the president's desk, we've been shown many times, is to put it on a reconciliation bill, so that is in the process," Johnson said, adding that he believes...

Marjorie Taylor Greene Predicts GOP "Slaughter" In November After six years as one of Donald Trump's most reliable foot soldiers, Marjorie Taylor Greene has made it clear that she's done - not just with Trump personally, but with what she believes the Republican Party is about to become, and is pretty much predicting disaster for them. “Republicans are going to get slaughtered in the midterms," Greene told Politico in a new interview, warning the party stands to lose the House and possibly the Senate. She says she's been making that prediction...

IEA Chief Warns Gulf Flows May Take Six Months To Restore After Biggest-Ever Energy Shock The head of the International Energy Agency told the Financial Times on Friday that the world is severely underestimating the scale of the Gulf energy shock, and that it may take at least six months to restore disrupted oil and gas flows. Fatih Birol described the conflict, now in its third week, as "the greatest global energy security threat in history", and said it would take time "to have oil and gas rehabilitated". "It will be six...