David McCormick, U.S. Senator from Pennsylvania, bought between $500,001 and $1,000,000 worth of Pennsylvania state general obligation bonds on April 7th. He disclosed this on May 1st, which is 24 days later, which is fine, totally normal, the law allows 45 days, nothing to see here, move along.
The bond matures in 2033, pays 5%, and is backed by the full faith and credit of the Commonwealth of Pennsylvania. The same Pennsylvania that McCormick represents in the United States Senate. We are simply reporting this. We are not implying anything. We are journalists.
Now, a 5% Pennsylvania GO bond is, objectively, one of the least exciting instruments a person with half a million dollars could purchase. It is the financial equivalent of ordering water at a restaurant. Which is exactly what makes this interesting. Nobody buys boring on April 7th, 2026 — a day the market was doing its best impression of a building on fire — unless boring suddenly looks very, very good.
The STOCK Act requires disclosure when a trade exceeds $50,000. It does not require explanation. It does not require context. It does not require the Senator to tell us what he knew, thought, or felt when he decided Pennsylvania's own debt was where the money should go.
It never does.
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