Trump Says Israel ‘Would Never’ Use Nuclear Weapons

A massive rally was held in Tehran on Monday in support of Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, the son of Ayatollah Ali Khamenei, who was killed by an Israeli airstrike in the opening attacks of the US-Israeli war against the Islamic Republic. The massive turnout for the younger Khamenei, who also lost his […]

Washington's Joint Operation Against ISIS In Nigeria Sends A Message To The Sahelian Alliance Authored by Andrew Korybko via Substack, The scenario of a US-backed Nigerian anti-terrorist intervention in Mali is becoming increasingly likely. Trump announced over the weekend that the US and Nigeria carried out a joint operation against ISIS’ second-highest figure, which his counterpart Bola Ahmed Tinubu disclosed took place in the northeast Lake Chad Basin where its ally Boko Haram recently killed over 20 Chadian troops. This is the US’ second military operation in Nigeria after Trump authorized bombing ISIS in Northwest Nigeria on Christmas Day,...

Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps "At Least" In Forward Guidance In our preview to this morning's Quarterly Refunding Statement, we said that we do not expect major changes and that, at most, the treasury might adjust its statement language to soften the forward guidance on possibly futures increase in coupon auction sizes with one likely change would be dropping “at least” while retaining the expectation for unchanged coupon sizes over “the next several quarters” (recall Deutsche Bank said it expects nominal coupon increases beginning in February 2027).  Overnight, JPMorgan agreed,...