Long-term bond yields are on the move again, with the 10-year yield well into the danger zone at 4.73%. As I have written many times, recent history suggests that nothing good happens above 4.5%. Why are yields rising? Is it a reverse “crowding out” effect, where instead of excessive government borrowing crowding out the private sector, it’s the insatiable AI borrowing crowding out Treasuries? Is it the fear that a hawkish-sounding Fed will not match its words with action? Or is it the inevitable consequence (intended or not) of a less transparent Fed? Less transparency means more uncertainty, and more uncertainty usually means high risk premia. Either way, we have a bear steepening on our hands.
US nears Iran deal to reopen Strait of Hormuz……”The emerging deal would meet some of Iran's demands for greater control over traffic in the Strait of Hormuz — control it did not have before the war.”
smdh
https://t.co/YQa6LIlIdx
"I hear about Broken Arrow and Bixby. I don't hear much about the Trojans. That's a good thing. We'll sit in silence and keep working."
First preseason practice stop: Jenks, America.
Season two of the Adam Gaylor era.
QB Landon Kizzar has added 25 pounds.
The Trojans say they have some 'res infecta.'
@CoachAdamGaylor@LandonKizzar@JenksFootball@JTFootball_com
GET OUT OF THE WAY 🤬
Tadej Pogačar was having to part a MASSIVE sea of fans on his path to victory on Alpe d'Huez 🌊
🇫🇷 #TDF2026 | July 5-July 27 | Every Stage on SBS 📺
Who is the most influential figure in the history of Oklahoma high school football? Barry Lewis explains why legendary Jenks coach Allan Trimble's coaching tree, championships and leadership reshaped the state's high school football scene. https://t.co/sAGv9EpLvM
34th overall pick Meleek Thomas led all players in scoring at NBA Summer League!
👏 27.3 PPG
👏 50.0 FG%
👏 43.8 3P%
👏 Summer League First Team
Year 1 with the @cavs on deck...
Josh Heupel on Lane Kiffin’s return in November:
“Whether it’s the grocery stores being fully stocked with mustard or our sports stores, making sure that they’ve got reinforcements on the golf balls, hopefully Knoxville’s ready for his arrival.”
🔗 https://t.co/Nfg1Yjy1dH #Vols
The latest statement from Tennessee chancellor Donde Plowman, the chair of the SEC presidents and chancellors, about the most recent revisions to the Senate bill.
A more positive statement than previous releases as lawmakers work to refine language and gain the SEC's support.