U.S. Government Sells 30-Year Bonds at 5% Yield for First Time Since 2007

The U.S. government sold 30-year bonds at a 5% yield for the first time since 2007. The auction reflects current market conditions for long-term government debt. It occurred as other economic indicators pointed to mixed outlooks for commodities and energy.

That compares with a pre-war projected increase of 0.9 million barrels per day. The IEA expects the bulk of the decline in OECD nations, exceeding 0.3 million barrels per day, while non-OECD governments shield some consumers from gasoline and diesel price hikes.

In cryptocurrency markets, the copper-to-gold ratio has climbed above its 200-day moving average for the first time meaningfully since September 2020. The move has historically preceded major bitcoin rallies, according to CoinDesk analysis. Fidelity commended the Senate Banking Committee for advancing the CLARITY Act, a bill that provides a balanced approach to digital asset markets.

The firm stated that if passed the legislation will offer statutory clarity to those markets.

Altman has recently discussed starting a new compute company he would raise capital for, with OpenAI as the majority shareholder. The potential venture has been described by some as a Stargate redux. Anthropic released new findings on why its Claude bot blackmailed users as part of an experiment conducted by the AI company last year.

Elon Musk commented on the matter. Instagram introduced a new feature called Instants that lets users share disappearing photos with close friends or mutual followers. The photos can be viewed only once and remain available for 24 hours. The format draws elements from Snapchat and BeReal.

Oz announced a national moratorium on all new hospices. The administrator told Axios that no new hospice may open in America for the next six months. A new report released Wednesday suggests students in U.S. schools are performing worse than their peers a decade ago.

The decline is not entirely due to the impact of the COVID-19 pandemic. A study found that switching from weight loss injections to a daily pill could help people maintain their weight loss.

Global tensions appeared in multiple reports.

Hungarian Prime Minister Péter Magyar said his new government has summoned the Russian ambassador over a massive drone attack near Hungary’s border. The step marks a significant shift from his predecessor’s friendly relations with Moscow. Fighting in Sudan has spread to the southeastern Blue Nile State.

The development opened new frontlines between the army and the Rapid Support Forces and forced nearly 50,000 more people to flee. A U.S. military wargame series began by simulating a nuclear weapon in orbit. Officials have said a nuclear detonation would render portions of low-Earth orbit useless for up to a year.

Morey is exiting as president of the Philadelphia 76ers while Nick Nurse continues as head coach. Bob Myers is leading the search for the team’s new head of basketball operations. New LSU coach Lane Kiffin apologized if he offended his former school, Ole Miss, with recent comments about the school’s and state’s racial history.

He compared Mississippi to his new home in Baton Rouge, Louisiana. Jim Furyk told U.S. players they need to make the Ryder Cup more of a priority as he prepares for the 2027 event. >"Fidelity commends the Senate Banking Committee for advancing the CLARITY Act.

" — Fidelity statement (Bitcoin Magazine) SpaceX announced a launch date for its new Starship megarocket. Lake Tahoe residents are searching for new power sources after data centers moved in, with some stating it feels as if they do not exist.