Ugly 5Y Auction Sends Yields To 2 Week High
Ugly 5Y Auction Sends Yields To 2 Week High It wasn’t quite as ugly the dismal 2Y auction earlier today but it was still ugly. Moments ago the US Treasury sold $70BN in 5Yr paper, tying the record for biggest auction for this maturity set last month, in what was another subpar sale. The high […]
Wheat Jumps To Nine-Month High On Fears Of Dwindling Global Stockpiles
Wheat Jumps To Nine-Month High On Fears Of Dwindling Global Stockpiles During the Memorial Day holiday break, food inflation was certainly on the minds of those who had to purchase beef patties and other BBQ-related items for outdoor parties. The Biden administration has deflected rampant food inflation on ‘greedy’ corporations, but more likely due to supply constraints. Beef and […]
Federal Judge Denies Jack Smith’s Request For Gag Order Against Trump
Federal Judge Denies Jack Smith’s Request For Gag Order Against Trump Authored by Jack Phillips via The Epoch Times (emphasis ours), U.S. District Judge Aileen Cannon on Tuesday denied a gag order request submitted by special counsel Jack Smith in former President Donald Trump’s classified documents case. Over the past weekend, Mr. Smith’s team asked […]
“A Pervasive Fear Has Settled In”: Dems Are Absolutely Freaking Out Over Biden
“A Pervasive Fear Has Settled In”: Dems Are Absolutely Freaking Out Over Biden While keeping in mind the old adage “It’s not the votes that count, but who counts the votes,” Democrats are absolutely freaking out about what a dumpster fire Joe Biden is heading into the 2024 election. Susan Walsh/AP According to Politico, “A […]
Google’s Woke AI Is Hilariously But Frighteningly Broken
Google’s Woke AI Is Hilariously But Frighteningly Broken Authored by Steve Watson via Modernity.news, Google’s hastily rolled out AI Overview feature is disastrously broken, returning searches claiming that people should spread glue on pizzas, eat rocks, and that it’s safe for pregnant women to smoke cigarettes. The Verge reports that Google is scrambling to manually disable the AI […]
“Everybody Is Loving This”: Former NYC Hotel Worker Says Cash For Housing Migrants Is “Going Around And Around”
“Everybody Is Loving This”: Former NYC Hotel Worker Says Cash For Housing Migrants Is “Going Around And Around” Migrants being stored in fancy New York City hotels didn’t seem to make much sense, did it? Why would these hotels willingly surrender business from their high class patrons to take in migrants? Now we have our […]
Yields Surge After Ugly 2Y Auction As Foreign Demand Tumbles
Yields Surge After Ugly 2Y Auction As Foreign Demand Tumbles Today’s first of two coupon auctions – the sale of $69 billion in 2Y paper (a 5Y auction follows at 1pm) – priced at 11:31am and it was ugly. Stopping at a high yield of 4.917%, today’s auction not only carried the highest yield since […]
Memorial Day Jet Fuel Demand Outshines Gasoline
Memorial Day Jet Fuel Demand Outshines Gasoline By Josh Owens from OilPrice.com Summer markets for refined oil products are anticipating big numbers, with the AAA teasing the potential for a 4.8% surge in Memorial Day weekend air travelers and rising demand for jet fuel as opposed to gasoline for the busiest driving period of the […]
Experts Predict Continued Upside for Silver and Gold Despite Recent Dip
Despite a recent dip due to cooling demand from China and hawkish Federal Reserve commentary, Wall Street experts remain optimistic about the long-term prospects of silver and gold. Jonathan Krinsky from BTIG believes the “Great Reflation trade” still has potential, highlighting silver’s strong performance relative to gold as a sign of a robust precious metals […]
EU Ministers Mull Sanctions On Israel As Ireland, Spain, Norway Recognize Palestinian State
EU Ministers Mull Sanctions On Israel As Ireland, Spain, Norway Recognize Palestinian State Israel’s military says it is investigating what Prime Minister Benjamin Netanyahu called a “tragic mishap” – the Sunday bombing of a refugee camp in Rafah which reportedly killed 45 Palestinians, including women and children, and injured dozens. This rare expression of ‘regret’ amid […]