First Houthi Drones Sent On Israel Since Iran Ceasefire Took Effect

Israeli media reported on Thursday that Israel is preparing for the possibility of returning to war with Iran as President Trump is considering restarting the bombing campaign. The Times of Israel reported that, according to Israel’s Channel 12, Israeli officials believe that negotiations between the US and Iran, which have been stalled due to the […]

Add Pakistan To Growing List Of Countries Preparing To Stockpile Shahed-Style Attack Drones The Pakistan-based drone company Sysverve Aerospace can now be added to the rapidly expanding list of defense firms worldwide racing to develop, manufacture, stockpile, and potentially deploy low-cost, one-way attack drones on the modern battlefield. The proliferation of these drones across two major battlefields in Eurasia is set to permanently reshape warfare. Pakistani-American artificial intelligence investor Amir Husain posted on X about an exhibit featuring Sysverve’s latest "Shahed-like loitering munition." When asked on X by one user where the...

Average 2Y Auction Is A Big Improvement From Last Month's Debale In today's first of two coupon auctions (due to the week's truncated schedule as the Fed is on Wednesday), the US Treasury sold $69BN in 2 year paper in a mediocre auction, yet one which was notably stronger than last month's issuance. The sale stopped at a high yield of 3.812%, down from last month's 3.936% and tailing the When Issued 3.811% by 0.1bps. This however was a big improvement from last month's 1.8bps tail, which was the biggest since...