There's More Juice Left In The Trade For Higher Real Yields

Mediocre 2Y Auction Prices At Highest Yield Since Feb 2025 With Treasury yields sliding 4 days in a row, today's 2Y auction was not seen as especially concerning (certainly not as much as a week ago, when the 10Y was knocking on 4.70%'s door, vs 4.50% where it trades today). Still, while the auction did have it strong sides, it was hardly stellar. Starting at the top, the $69BN sale of 2Y paper priced at a high yield of 4.071%, up 26bps from 3.812% a month ago, and the highest since...

On August 29, President Trump went on social media and boasted about stealing Venezuelan oil. The theft, according to Trump, “more than doubles American oil reserves.” He said there was “no cost” to American taxpayers, although there will obviously be a huge cost to the people of Venezuela who will see little if any benefit from Trump’s […]

More Than 227,000 US Property Foreclosure Filings In First Half Of 2026 Authored by Naveen Athrappully via The Epoch Times, A total of 227,548 properties in the United States made foreclosure filings in the first six months of this year, a 21 percent increase from the same period last year, according to real estate analytics company ATTOM. The first half foreclosure filings are also up by 28 percent from the same period two years back, ATTOM said in a July 16 report. In states with a minimum of 500 foreclosure filings, Idaho registered...