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Average 7Y Auction Stops On Screws As Foreign Demand Drops
Average 7Y Auction Stops On Screws As Foreign Demand Drops
A stellar 2Y auction, a subpart 5Y, and it only makes sense that we end the week with a perfectly average sale of $44BN in 7Y bonds.
The last coupon auction of the week priced at a high yield of 4.512%, up from last month's tailing 4.473%, and on the screws with today's When Issued 4.512%. Remarkably, this is the 3rd 7Y auction to price on the screws in 2026 alone, suggesting this tenor may be the most relevant one for...
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Mar 27, 2026 / Tyler Durden
Logic, Logistics, And At Least Another 10 Days...
Logic, Logistics, And At Least Another 10 Days...
By Michael Every of Rabobank
Thursday was a rocky day in markets ahead of today’s deadline for the US to shift from bombing Iran’s nuclear, missile, drone, military-industrial, and regime sites to destroying its electricity grid, potentially taking out its power generation for a generation, and unleashing an Iranian response against the broader region’s power, water, and energy infrastructure.
Given that backdrop, some TACO the view it was logical Trump subsequently extended the deadline to 8PM EST on Monday 6 April, because “talks are...
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Jun 22, 2026 / Tyler Durden
Zero Sum: Cities Have Little To Show For Big Spending
Zero Sum: Cities Have Little To Show For Big Spending
Authored by Jeremy Portnoy via RealClearInvestigations,
America’s largest cities are increasing their spending at almost unprecedented rates.
A RealClearInvestigations (RCI) analysis of cities with at least 500,000 residents found they cumulatively raised their per-person spending by 18 percent over the last 10 budget cycles, accounting for inflation. The only equivalents on record are the spending surges ignited by the Great Society programs of the 1960s and Franklin D. Roosevelt’s New Deal during the 1930s.
But unlike those past eras, today’s cities do not have...
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Aug 19, 2026 / Tyler Durden
Harvard To Pay $53 Million To Families Of Donors Whose Body Parts Were Sold Off
Harvard To Pay $53 Million To Families Of Donors Whose Body Parts Were Sold Off
Authored by Chris Summers via The Epoch Times,
Harvard University has agreed to pay $53 million to resolve lawsuits brought by the families of those whose loved ones' body parts were donated to its medical school only to be sold on the black market by its morgue manager.
A flag hangs on campus at Harvard University in Cambridge, Mass., on Sept. 4, 2025. Shannon Stapleton/Reuters
A state court judge in Boston preliminarily approved a class action settlement on...
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