Pentagon Tells Congress It Won’t Be Able To Intercept All Iranian Shahed Drones

10Y Yield Extends Rise After Surge In ISM Manufacturing Prices After ISM's almost unprecedented bounce higher in January, US Manufacturing dipped in February: S&P Global Manufacturing PMI fell from 52.4 to 51.6 - weakest in seven months ISM Manufacturing PMI fell from 52.6 to 52.4 (better than expected) And this is occurring as 'hard' data ebbs lower... “February saw US manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," according to Chris Williamson, Chief Business Economist at S&P Global Market...

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that implementing the US-Iran Memorandum of Understanding was “difficult but possible” as he continues to favor diplomacy with the US despite recent strikes and high tensions between Washington and Tehran. Ghalibaf made the comments during a meeting with senior Hamas official Mohammed Darwish on the sidelines […]

Today Will Or Won't See A US-Iran Meeting In Doha Which Will Be "Perhaps Important, Perhaps Not" By Michael Every of Rabobank Build 'em up or Burnham down? In typical form, today will or won’t see a US-Iran meeting in Doha; which will be ‘perhaps important, perhaps not’; and either discussing the MoU or unfreezing $6bn of Iranian assets. So, the ‘peacefire’ continues, as expected, but with little chance this holds permanently. Likewise in Lebanon, where the US is pushing to disarm Hezbollah --which refuses-- and Israel won’t leave until that happens....