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

Xi Hosts Taiwan Opposition Leader In Rare Meeting: 'We Will Not Become A Chessboard For External Intervention' All eyes remain fixated on the impending US-Iran talks in Islamabad, but big things are also happening Friday in Beijing, and they have direct impact on another potential global flashpoint: Taiwan. While Washington potentially gets bogged down in another Middle East quagmire (if talks don't go well and there's no offramp), Chinese leader Xi Jinping has welcomed the leader of Taiwan’s main opposition party for a rare direct meeting in the Chinese capital. The symbolism of the timing...

US Central Command reports that no ships have exited the Persian Gulf carrying oil since President Donald Trump ordered a blockade on Monday.  “Yesterday, an Iranian-flagged cargo vessel tried to evade the US blockade after leaving Bandar Abbas, exiting the Strait of Hormuz, and transiting along the Iranian coastline. The guided-missile destroyer USS Spruance (DDG […]

America's Top War Unicorn To Begin Combat Drone Production As Next-Gen Startups Challenge Big Defense Primes Weaponized AI, interceptor drones, automated kill chains, ground robots armed with machine guns, humanoid robots, and FPVs equipped with shaped charges all offer a scary preview of what warfare in the 2030s was expected to look like. Instead, four years of war in Ukraine, followed by the U.S.-Iran conflict, have sharply accelerated that timeline, pulling the future of warfare into today. These are truly frightening times, as defenses against this technology are still lacking across...