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Bessent Plays Hardball With "Bloomberg Bros": Yields Spike As Treasury Accepts Just 68% Of Maximum Buyback Offers
Bessent Plays Hardball With "Bloomberg Bros": Yields Spike As Treasury Accepts Just 68% Of Maximum Buyback Offers
Two weeks ago, treasury yields spiked to a 3 year high (still well below 5%), after the first expanded Treasury buyuback operation which had a maximum capacity of $6 billion, resulted in just $5.187 billion in actual buyback offers accepted by the Treasury.
That was a problem because as BofA's rates guru, Mark Cabana, wrote just ahead of the first buyback (his note is available to pro subs), over the last several operations the...
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3 Detained, 1 Rumored Suicide As SWAT Team Swarms Home Near Guthrie's House
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In a dramatic Friday night development in a case that's garnered enormous public interest, three people were detained as a SWAT team executed search warrants connected to the abduction of the mother of NBC "Today" co-host Savannah Guthrie -- and a neighbor claims another person shot himself in the head. Action unfolded at two locations -- both of them only about two miles from Nancy Guthrie's Tucson residence. As this is written, police have yet to reveal details.
A Pima...
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MP's "Strong" Quarter: Accelerated Production, Long-Term Agreements With Major Tech Companies
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MP Materials Corp. reported fourth quarter revenue of $52.7 million and net income of $9.4 million, or $0.05 per diluted share, yesterday reflecting a sharp year-over-year improvement driven largely by price floor protection under its agreement with the U.S. Department of War.
Full year revenue rose 10% to $224.4 million as the company ramped separated product output and began generating magnetic precursor sales.
MP said in a press release yesterday that operationally, 2025 marked a step-change in upstream and midstream execution. MP...
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