Stellar 10Y Auction Stops Through, With Highest Bid To Cover In A Decade On BIggest Yield Since 2007

Saudi Arabia Has Five Points Of Leverage Over The US Authored by Andrew Korybko, It probably won’t ever muster up the political will to use them, however, but the possibility always remains. Trump recently surprised the Saudis by demanding that they recognize Israel as the precondition for the US implementing their newly signed nuclear energy deal, which wasn’t part of the agreement. This follows him humiliating Crown Prince and Prime Minister Mohammed Bin Salman earlier in the spring by claiming that he’d been “kissing my ass” for rejuvenating the US economy. His mistreatment of the Kingdom and...

Bank Lobby Fires Back At White House, Saying Stablecoin Study Ignores Community Bank Threat Authored by Micah Zimmerman via BitcoinMagazine.com, The American Bankers Association is warning that the White House’s latest stablecoin study is asking the wrong question and underestimating the threat to community banks. On April 8, the Council of Economic Advisers released a 21‑page paper modeling what happens if payment stablecoin issuers are barred from paying yield. The analysis, tied to the 2025 GENIUS Act’s prohibition on interest for payment stablecoins, finds that banning yield would raise bank lending by only about 2.1 billion...

Biden Adviser Warned Fauci, CDC Director Cloth Masks Didn't Work Well: Text Authored by Zachary Stieber via The Epoch Times, A doctor who advised President Joe Biden on COVID-19 warned Dr. Anthony Fauci and other top Biden administration officials in a newly disclosed text message that wearing cloth masks provided “very limited protection.” Dr. Michael Osterholm, who was part of Biden’s COVID-19 transition advisory team, told Fauci and other officials, including the director of the Centers for Disease Control and Prevention at the time, in August 2021, that the government needed to...