Ayatollah Orders Highly-Enriched Uranium To Remain In Iran, Stymying Trump's Basis For Deal

DOJ Launches Investigation into Sexual Assault Allegations Against Eric Swalwell The U.S. Department of Justice has opened a criminal investigation into multiple sexual assault and misconduct allegations against former Rep. Eric Swalwell (D-Calif.), federal officials confirmed Thursday, marking the latest escalation in a scandal that has already forced the longtime congressman to resign from the House and suspend his bid for California governor. Swalwell, who represented California's 14th District since 2013, stepped down from Congress on Tuesday amid bipartisan pressure and a House Ethics Committee probe into claims that he engaged...

Trump Extends Ceasefire By 3-5 Days After Iran Attacks Third Ship In Hormuz Chokepoint Summary At least two fully laden Iranian tankers slip past US naval blockade, amid reports of more going dark: BBG Trump extends ceasefire by 3-5 days, per White House statement to Fox. IRGC seized the MSC Francesca and a Greek-owned ship named Euphoria, which had been attempting to transit the Hormuz chokepoint earlier today. Within hours, a third ship comes under fire by the IRGC. Senior Iranian adviser says the US naval blockade is "no different than bombing" and must be met "with...

Mediocre 5Y Auction Tails As Foreign Demand Slides After yesterday's solid 2Y auction, today's 5Y auction was an uglier mirror image.  The sale of $70BN in 5 year paper priced at a high yield of 4.200%, up from 4.182% in May and the highest since Jan 25. It tailed the When Issued 4.193% by 0.7bps, and was the 8th consecutive tail for the 5Y tenor. The bid to cover was 2.351, better than the 2.340 in May and the highest since October.  The internals, however, a disappointment: Indirects took down just 61.60%, a...