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The U.S. Treasury avoided surprises in its quarterly refunding announcement, outlining issuance plans that largely matched market expectations while reinforcing its reliance on Treasury bills to finance rising federal spending.  U.S. Department of the Treasury said it will issue $125 billion in coupon securities this quarter, including $58 billion in 3-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds at auctions next week. Auction sizes for notes and bonds will remain unchanged through May and are expected to stay steady for “the next several quarters.”  While longer-dated issuance remains capped, Treasury emphasized that bills will continue to shoulder a greater share of funding…

The comments came during Bessent’s Congressional testimony on Wednesday in a tense exchange with California Representative Brad Sherman.United States Treasury Secretary Scott Bessent testified before Congress on Wednesday and reiterated that the US will retain Bitcoin (BTC) acquired through asset seizures but will not direct private banks to purchase more BTC in the event of a market downturn.California Congressman Brad Sherman, a major critic of Bitcoin and cryptocurrencies, asked Bessent: “Does the Treasury Department or the various components of the Federal Open Market Committee have the authority to bail out Bitcoin?”Sherman then asked Bessent if he plans to direct private…

Key Takeaways A woman claiming to be Justin Sun’s former girlfriend alleges he manipulated TRX prices on Binance in 2017–2018 using employee-linked accounts. The accuser says she is willing to cooperate with a U.S. SEC investigation. Justin Sun and Binance have not publicly responded to the claims. Justin Sun, the founder of the Tron blockchain and one of the crypto industry’s most high-profile entrepreneurs, is facing allegations of market manipulation after a woman claiming to be his former girlfriend accused him of orchestrating a “pump and dump” scheme involving the TRX token on the Binance exchange. The allegations were made…

The wheat complex is showing mixed action so far on Monday, with the soft wheat market the weakest. Chicago SRW futures are 1 to 2 cents lower. KC HRW contracts are up 1 to 2 cents so far on the day. MPLS spring wheat futures are up a penny in the nearbys so far. Weekly Export Inspection data from this morning showed a total of 298,075 MT (10.95 mbu) of wheat shipped during the week of 12/12. That was an increase of 20.2% from last week and 4.66% above the same week last year. Mexico was the largest buyer of 69,471 MT,…

The Walt Disney Company’s board has elected Disney Experiences Chairman Josh D’Amaro as the next CEO, effective March 18, 2026, succeeding longtime CEO Robert A. Iger. D’Amaro, a 28-year Disney veteran and “the architect of the largest global expansion in Disney Experiences history,” will also be appointed to the board.   “Josh D’Amaro possesses that rare combination of inspiring leadership and innovation, a keen eye for strategic growth opportunities, and a deep passion for the Disney brand and its people – all of which make him the right person to take the helm as Disney’s next CEO,” said James Gorman, chairman of the board. “Josh D’Amaro is an exceptional leader and…

VistaShares has launched BTYB, an actively managed exchange-traded fund (ETF) listed on the New York Stock Exchange that allocates most of its assets to US Treasurys while using options strategies to provide weekly income and Bitcoin-linked price exposure.According to the Tuesday announcement, the fund allocates about 80% of its portfolio to US Treasury securities and related instruments, with the remaining 20% tied to Bitcoin (BTC) price movements through a synthetic covered call strategy. Holdings data shows the fund’s Bitcoin-linked exposure comes from call options on BlackRock’s iShares Bitcoin Trust (IBIT).In this particular context, a synthetic covered call strategy uses derivatives…

Harrison Street Asset Management has launched its first ETF, which is primarily dubbed as an active fund with a focus on infrastructure exposure.  The Harrison Street Infrastructure Active ETF, which is publicly traded as NFRX, provides exposure to international listed infrastructure companies to investors with the midstream energy, utilities, digital, and transportation sectors, the firm said.  The ETF will be managed by Harrison Street Asset Management’s private wealth division, alongside its portfolio managers, which include chief investment strategist Robert Becker, managing director Hasan Goncu, and CIO Casey Frazier.  Recently, Harrison Street Asset Management consolidated its affiliated North American investment management businesses, Harrison Street Real Estate Capital, Rockwood Capital, and Harrison Street Private Wealth (formerly Versus Capital), creating a global platform designed to deliver greater scale, innovation, and performance across…

Cotton futures are trading with 14 to 18 point losses at midday, pulling off early losses. Crude oil futures are down $3.39 per barrel on the day at $61.82. The US dollar index is up $0.641 to $97.500. Just prior to midday, President Trump issued a Truth Social post that a call with India’s President Modi went well with the US lowering tariffs on the country from 25% to 18% and India agreeing to buy over $500 billion of US energy, technology, agricultural, coal and other products. India has historically been a top 8 buyer of US cotton. Don’t Miss a…

Several New York district attorneys have reportedly warned about the US federal stablecoin law, the GENIUS Act, claiming it fails to adequately address fraud.According to a Monday CNN report, New York Attorney General Letitia James and four district attorneys signed onto a letter saying that the GENIUS Act will “provide legal cover” for stablecoin issuers to potentially participate in fraud. The letter reportedly pointed a finger at issuers Tether and Circle, claiming that the companies have profited off crimes in stablecoin markets, specifically accusing Tether of only freezing some suspicious transactions in USDt (USDT).“The reality for many victims, therefore, is…

The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.28%.  March E-mini S&P futures (ESH26) fell -0.43%, and March E-mini Nasdaq futures (NQH26) fell -1.35%.Stock indexes moved lower on Friday, with the Dow Jones Industrials falling to a 1.5-week low after President Trump said he is nominating Kevin Warsh to be the next Fed Chair.  The 10-year T-note yield rose to a 1-week high, gold prices plunged to a 1.5-week low, and the dollar rose as Mr. Warsh, who often emphasized inflation risks…