Treasury Auctions, Economic Calendar

Avatar photo Doug Kass on June 11, 2026

Treasury Auctions

11:00 a.m.: Treasury announces a 3 and 6 month and a 13-Week bill auction;

11:00 a.m.: TIPS and bond announcement; 

11:30 a.m.; Treasury hosts a $70B 4 and a $75B 8 Week Bill Auction; 

1:00 p.m.: Treasury hosts a $22B 30-Year Bond Auction; 

2:00 p.m.: Treasury buyback (cash mgmt)

Economic Calendar

Positions: none.

Subscriber Comment of the Day (Part Deux) (And My Response)

Avatar photo Doug Kass on June 11, 2026

douglas cassel

Appeals to authority have limitation, but Terry Tao is arguably one of the smartest people on earth. He is a bit more sanguine about AI than many here.  I would also suggest that computer intelligence is fundamentally different than other technological advances. The possibility of a virtuous feedback loop, where intelligent systems improve themselves, might mean advances far faster than prior epochs. 

How Terry Tao Became an Evangelist for AI in Math

Dougie Kass

I view my role as to offer up potential conflicts and headwinds in AI and its adoption – as 98% of Wall Street and nearly all “talking heads”/investors deliver an upbeat narrative witih few detours.

I basically see numerous possible adoption, implementation, content and profitability outcomes – some of them adverse (that are being given very little weight by the investment community).

From there, I believe subscribers can better consider and evaluate the merits of the companies involved in AI.

This is why I have written 200 “More Tales From Nvidia” – which seems to be lost by some who are hostile to my series and comment in this section, ironically not with their own research but by quoting ChatGPT, Grok or other AI modes/sources.

Position: None

Subscriber Comment of the Day

Avatar photo Doug Kass on June 11, 2026

* A core point of mine and a foundational part of bear case for equities…

phogan

When looking at areas like the semis and other parabolic stocks with presumably bright growth prospects, I always think of the following:  “In the case of Microsoft in 1999, it mostly delivered on its promise of success, compiling an impressive record of nearly 15% annualized earnings growth over the next 16 years. However, investors buying its shares in 1999 would have spent the entire 16 years nursing an ugly and altogether frustrating loss.”  MSFT was just under 30x sales in 1999 and grew EPS almost 15% for 16 years yet all you did was break even.  At some point, the weighing machine matters.  I applaud those who hit it big with these, but its the going forward that would scare the crap out of me.

Position: None

My Tweet of the Day

Avatar photo Doug Kass on June 11, 2026

Position: None