Concerns Grow That Israel Plans New Military Base in Syria as Troops Bring Prefab Units With Them

Ugly, Tailing 30Y Auction Makes History With First 5%+ Yield Since The Great Quant Crash Of Aug 2007 Moments ago, the last refunding auction of the week, the sale of $25BN in 30Y paper, made history: it was the first 30Y auction to print with a high yield above 5%, and a coupon of 5%, since August 2007... which as veteran traders will recall was the month of the historic quant crash which marked the S&P highs at the time and eventually culminated in the global financial crisis.  The auction priced...

Israel has informed the Lebanese government that Lebanon’s civilian infrastructure will be “hit hard” if Hezbollah in any way takes part in the apparently upcoming US-Iran War. Lebanese officials have urged Hezbollah not to do so, since the war “does not concern us.” The twin hopes are that Hezbollah will stay out of the war, […]