The Tyranny Of Compelled Speech

Uncertainty Rules! By Elwin de Groot, head of macro strategy at Rabobank US Treasury yields drifted higher yesterday after the Financial Times reported, citing people close to Fed Chair Kevin Warsh, that he would be prepared to raise rates as early as September if incoming inflation data surprise to the upside and markets themselves begin pricing a more hawkish path. Yet the market reaction was not confined to the front end suggesting investors were not interpreting the story in a straightforwardly hawkish manner. That ambiguity is understandable. If markets push yields higher...

US forces launched airstrikes in Somalia from February 22 to February 26, US Africa Command has announced, as the Trump administration continues its record-breaking bombing campaign in the country. AFRICOM said in a press release that it conducted airstrikes on those days against the ISIS affiliate in Somalia’s northeastern Puntland region, about 43 miles southeast […]

Houthis Fire On Saudi Vessel, More Ships Make U-Turns, After 'MoU Revival' Hype Returns Summary Hormuz indirect talks continue amid reports of a possible resurrected MoU deal. Shipping remains stalled with virtually no tanker traffic through Hormuz. Iran insists Hormuz stays closed unless its terms are accepted. Houthis escalate attacks, prompting more ships to avoid the Red Sea. Shipping Latest: Bab El Mandeb & Hormuz Iran has reaffirmed that if Oman does not agree to its terms for the Strait of Hormuz, the the vital oil transit waterway will remain closed, per Iran's Deputy Foreign Minister. This also...