Since 2006, CFTC staff held tech providers to three rules: users had to already have a broker, the software couldn't steer them to a specific venue, and fees couldn't be tied to trading.
26-25 lifts all three.
Front ends can finally earn from the volume they bring.
Since the country is urging Sonam Wangchuk to end his fast and the focus is on the future of our children. The UP administration wants to bulldoze a sprawling Maulana Ali Jauhar University that is home to thousands of marginalised students since 2006. Really hope we speak up
Not since 2006 have yields on the longest-maturity Treasuries been this high for this long, with a gaping budget deficit, another wave of corporate issuance and a potentially decisive Federal Reserve meeting expected to keep investors wary
THE US 30-YEAR TREASURY YIELD JUST HIT ITS WORST STRETCH SINCE 2006.
It has now traded above 5% for 56 straight trading days in 2026, the most of any year in 20 years.
Oil above $90 after the Iran escalation is bringing inflation fears back.
Heavy government spending already made investors wary of lending for 30 years.
Now corporate bonds are stealing that money instead.
Hyperscalers paid 110 to 120 basis points more than Treasuries in August, and foreign investors put $61 billion more into corporate debt than into Treasuries.
The gap is about to widen further. The government needs to borrow $739 billion this quarter, while $215 billion in new corporate debt hits the market in September alone.
Washington is now competing with America's biggest companies for the same money.
Bessent doubled bond buybacks to $4 billion per operation to calm yields, but the effect faded almost instantly. The bigger buybacks haven't even started yet, and they're too small to fix the real problem: too much debt, too much borrowing.
Warsh already sounded hawkish at Jackson Hole. This week's jobs and inflation data will decide what comes next.
If inflation stays high and the Fed holds off, investors will just demand higher yields to keep lending long-term.