US sells 3-mnth bills at high-rate 3.800%, B/C 2.61x; sells 6-mnth bills at high-rate 3.890%, B/C 2.88x
Constellation Brands (STZ) says unexpected inflation in US trucking and commodity costs will create "a little bit of gross profit margin pressure" in the second half despite significant cost savings
US Treasury Secretary Bessent says no more forbearance on Iran sanctions; we'll see if Iran lashes out kinetically now
US sells 3-mnth bills at high-rate 3.800%, B/C 2.61x; sells 6-mnth bills at high-rate 3.890%, B/C 2.88x
US Treasury Secretary Bessent on buybacks, says off-the-run securities are less liquid and make a market buying older bonds
US Treasury Secretary Bessent says nothing would matter if China pulled away on AI; Iron Dome and US defense wouldn't matter if China wins AI
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