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President Donald Trump last month pardoned CZ, whom the White House said was a casualty of the Biden administration’s “war on cryptocurrency.”

It was reported earlier that White House economic advisor Hassett was the front runner for the Fed chair position.

Fox News White House correspondent Edward Lawrence is saying that:

• There is no front runner
• A final list of candidates has not yet been sent to the White House.
• A final list of recommended candidates will be sent to the president after interviews have concluded
• the Treasury Secretary has not yet finished the interviews for the possible next Federal Reserve Chairman.

This article was written by Greg Michalowski at investinglive.com.

United States 5-Year Note Auction down to 3.562% from previous 3.625%

United States 5-Year Note Auction down to 3.562% from previous 3.625%

The U.S. Treasury sells $70 billion of 5 year notes yield

• High Yield 3.562%
• WI level at the time of the auction 3.557%
• Tail 0.5 basis points versus 6 month average up 0.3 basis points
• Bid to cover 2.41X versus 6 month average of 2.36X
• Dealers 11.04% versus 6 month average of 10.4%
• Directs 27.6% versus 6 month average of 24.9%.
• Indirect 61.35% versus 6 month average of 64.7%

This article was written by Greg Michalowski at investinglive.com.

Bill Gates released his list of book recommendations for the 2025 holidays, including a fictional tale, a media mogul’s memoir and a political bestseller.

USD/CHF holds near 0.8080 on Tuesday at the time of writing, with the pair showing little direction with simultaneous weakness in both the US Dollar (USD) and the Swiss Franc (CHF). Pressure on both currencies is offsetting itself, keeping the pair confined to a narrow range.

The U.S. Treasury will auction off $70 billion of 5 year notes at the top of the hour. Yesterday, the auction off to your notes with average demand. The auction will be compared to the 6 month averages of the major components to determine either strong or weak demand.

The six-month component averages shows:

• Tail 0.3 basis points.
• Bid to cover 2.36X
• Directs 24.9%. (Measure of domestic demand)
• Indirects 64.7% (measure of international demand)
• Dealers 10.4% (the dealers generally take the residual supply)

The last 5 year note auction was at 3.625%. The current 5 year yield is at 3.565%.

This article was written by Greg Michalowski at investinglive.com.

The Arizona Democrat Sen. Mark Kelly, a U.S. Navy veteran, faces a Pentagon probe for saying in a video, “Our laws are clear: you can refuse illegal orders.”

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.