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Ugly, Tailing 7 Year Auction Spooks Market As Foreign Buyers Flee

Ugly, Tailing 7 Year Auction Spooks Market As Foreign Buyers Flee

After one poor and one mediocre auction, today's sale of $28 billion in 7 year paper was a fiasco, stopping at 2.23%, a massive 1.7bps tail to the 2.213% When Issued, if below last month's 2.28% courtesy of the ongoing yield curve flattening which increasingly include the belly of the curve.

The internals were just as atrocious, with the bid-to-cover sliding to 2.36 from 2.391 last month, and far below the 6 auction average of 2.52.

Trump Calls Elizabeth Warren "Pocahontas" At Event Honoring Navajo Veterans

Media outrage is brewing after President Trump on Monday referred to Senator Elizabeth Warren as “Pocahontas” at an event honoring Native American “code talkers” who served in World War II.

"You were here long before any of us were here,” Trump said, standing beneath a portrait of former President Andrew Jackson. “Although we have a representative in Congress who they say was here a long time ago. They call her Pocahontas.” Turning to the veterans, Trump said "but do you know what? I like you."

Meet Laikago: China's $25,000 Robo-Labrador

Meet Laikago: China's $25,000 Robo-Labrador

The Japanese have their non-nagging synthetic wives, the Saudis have their Shariah-compliant humanoid citizens, Americans are content with a backflipping supra-human, and now the Chinese get their very own 50lb, poop-less, robo-dog...

Meet Laikago – named after Laika, a Soviet dog who was the first living creature to orbit the Earth.

The Chinese-made robot dog weighs 22kg, a bit less than a common Labrador, and is around 60cm tall.

Time Accuses Trump Of Lying With "Person Of The Year" Tweet

Time Accuses Trump Of Lying With "Person Of The Year" Tweet

As if by clockwork, president Trump has once again managed to dominated the holiday weekend news cycle, with a strategically timed, Friday afternoon tweet, in which he claimed that Time called to tell him that he was "probably" going to be named the magazine's person of the year, but that he turned the offer down.

"Time Magazine called to say that I was PROBABLY going to be named "Man (Person) of the Year," like last year but I would have to agree to an interview and a major photo shoot. I said probably no good and took a pass. Thanks anyway!" the president tweeted.

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