StarCloud CEO Says Starship Gives SpaceX Launch Monopoly For Near Decade

Secretary of War Pete Hegseth on Wednesday boasted of the “death and destruction” the US military can rain down on Iran, as reports say that US and Israeli airstrikes have killed over 1,000 Iranian civilians in just four days. Hegseth said at a press briefing that the US and Israel should soon have “complete control […]

Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media Despite the positive development of a shaky US-Iran ceasefire holding, the reality is that Tehran still maintains de facto control over the vital Strait of Hormuz waterway. A mere few vessels passed without incident on Wednesday, before Iran's military closed the strait again, citing Israel's massive attacks on Lebanon. The Associated Press has emphasized Thursday, "Iran's approval system for ships granted safe passage - after vetting by the Islamic Revolutionary Guards Corps - remains unchanged despite US...

5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction. The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues. The bid to cover...