Atlanta, TSA, and a Test Case for Interventionist Non-Intervention

North Korean state media published an article slamming the US for encouraging South Korea and Japan to acquire nuclear-powered submarines. The author argued the move justified North Korea building up its nuclear deterrent.  In a commentary published by KCNA, international affairs analyst Choe Ju Hyon accused the US of instigating South Korea and Japan to […]

Mohammed bin Salman Is More At Risk Internally Than From Houthi Attacks Authored by Alastair Crooke As part of its “blockade-for-blockade,” “airport-for-airport” strategy, Ansarallah carried out a third attack on Riyadh International Airport on Saturday — 12 people (mostly civilians) were killed and more than 300 injured. This, in tandem with Iran’s escalating attacks on tankers, and expanding its maritime operations, immediately increases the pressures on President Trump to respond — at the precise moment when midterm elections loom. As the military conflict between Yemen and Saudi Arabia continues, the latter has...

10Y Auction Tails As Foreign Demand Dips After yesterday's impressive 3Y auction, moments ago the Treasury sold $39 billion in benchmark, 10Y paper, in what was a mediocre auction. The auction, a 9-Year 10-Month reopening of cusip CPX8, stopped at a high yield of 4.282%, up from 4.217% last month and the highest since last August. It also tailed the When Issued 4.280% by 0.2bps, the third consecutive tail in a row. The bid to cover dipped to 2.429 from 2.449, and was also below the six-auction average of 2.48. The internals also...