Witkoff Admits He Doesn’t Know How Iran War Ends

Xi In Rare Egypt Visit Blasts 'External Interference' In Mideast, As Iran War Drags On Chinese President Xi Jinping in a rare trip to the Cairo told his Egyptian counterpart on Wednesday that "external interference" in the Middle East should be opposed, Chinese state media reported. Talks in the Egyptian capital between Xi and Egyptian President Abdel Fattah El-Sisi were a first in a decade. Interestingly, Xi at one point pledged Beijing was willing to help protect maritime shipping - though it's anything but clear what specifics would look like, or...

As Japanese Bond Yields Soar, Unrealized Losses At Life Insurers Hit $200 Billion With Japanese bonds in freefall every day, pushing yields on 10Y JGBs to a 3 decade high, just shy of 3%... ... the time to pay the piper is fast approaching as unrealized losses on domestic bonds at Japan's major life insurers have soared to 30.86 trillion yen ($194 billion) as of the end of June, up 60% year-on-year, and trillions more since then, revealing the downside of the rising interest rates that have lifted investment income. The total...