Terrible 5Y Auction: Worst Bid To Cover In 4 Years, Highest Tail Since 2024, Dealers Jump

It appears the main topic of discussion at Wednesday’s meeting between Donald Trump and Bibi Netanyahu was Iran’s ballistic missile program. It really was not a discussion… Instead it was Bibi, with his advisers, trying to sell Trump and his team on the necessity of ending Iran’s ballistic missile capability. Why the emphasis on those […]

Ceasefire Over? Trump Downplays 'Mini-War' After US & Iranians Trade Shots, Missiles Target UAE Summary Trump employs interesting new term: "We’re in, I call it a mini-war." Fujairah says 3 injured in Iranian attack on Oil Industry Zone, UAE confirms "air defenses are now dealing with a missile threat", we have gotten reports of explosions in Dubai, which has sent oil higher and Emini futures into the red. UAE threatens retaliation.  CENTCOM hails two US merchant ships exiting Hormuz Strait safely in "first step". Bessent issues remarks warning the US "will fire if fired...

Saudi Arabia conducted airstrikes against Shiite militias with ties to Iran.  According to Reuters, the Saudi attacks on Kataib Hezbollah occurred around April 7. Kuwait also launched rockets at Shiite militants in Iraq on at least two occasions. Iran responded to the strikes on its Iraqi allies with attacks on Gulf Arab states.   The US […]