Sternlicht's Starwood Real Estate Fund Gates Redemptions

Mediocre 3Y Auction Tails Despite Solid Buyside Demand With markets thrown in turmoil following Trump's threat to restart war against Iran in retaliation for downing a US Apache helicopter, it wasn't clear how today's $58 billion 3 year auction would go. In the end, it wasn't great, or terrible: a little tail, but besides that all metrics were relatively solid.   The auction priced at a high yield of 4.192%, up from 3.965% in May and the highest yield since Feb '25. It tailed the When Issued 4.189% by 0.3bps, the...

US Must Boost Domestic Uranium Enrichment To Counter Proliferation Risks The Export-Import Bank of the United States recently issued letters of interest supporting up to $4.2 billion in financing for enriched uranium sales by General Matter to utilities in Japan and South Korea. This includes up to $2.4 billion for Japanese operators and $1.8 billion for South Korean ones over the coming decade.  As we reported, the deal advances American energy dominance and reduces allied dependence on adversarial fuel suppliers. This transaction arrives as the United States, and much of the world,...

Qatar is warning that there will be significant global consequences if the Strait of Hormuz is not reopened soon. Iran closed the Strait in response to the war started by the US and Israel. President Donald Trump also imposed a blockade of Iranian ports.  On Monday, Qatar’s Foreign Ministry spokesperson, Mohammed Al-Ansari, said reopening the […]