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Did Bessent Call In Favor? Stellar 10Y Auction Prices At Highest Yield Since 2000 On Near Record Foreign Demand
Did Bessent Call In Favor? Stellar 10Y Auction Prices At Highest Yield Since 2000 On Near Record Foreign Demand
After yesterday's ugly, it stopping through, auction, bond markets were on edge ahead of today's $39 billion reopening of benchmark 10 Year paper: an ugly auction could well send yields to new multi-decade highs (if not vice versa).
Well, at 1pm we got the results of today's 10Y auction (technically 9 Year, 10 Month reopening) and... they were surprisingly strong.
Starting at the top: the auction stopped at a high yield of exactly...
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'We Outright Grabbed The Wallets': Bessent Boasts $1BN In Iran State Crypto Seized To Date
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Washington's economic war on Iran and its 'shadow' banking network continues, as on Friday Treasury Secretary Scott Bessent announced the US has seized $1 billion in Iranian cryptocurrency assets as part of the economic component of President Trump's Operation Epic Fury.
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Depopulation Won't Save Us Or The Planet
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Authored by Lipton Matthews via The Mises Institute,
In recent years, a strand of environmental thinking has emerged that places population at the center of ecological crises. Some activists, including figures associated with the Extinction Rebellion and the Stop Having Kids Movements Movement in the United Kingdom and the United States have expressed anti-natalist views, arguing that choosing not to have children is a meaningful response to climate change. The reasoning is lucid and, at first glance, convincing: fewer people should mean less consumption, lower emissions,...
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