At Least 31 Killed, 40 Wounded in Israeli Attacks on Southern Lebanon

President Donald Trump’s envoy, Steve Witkoff, and son-in-law, Jared Kushner, traveled to Moscow and Kiev for meetings on ending the war in Ukraine.  On Saturday, Russian President Vladimir Putin held three hours of talks with Kushner and Witkoff. Yuri Ushakov, an aide in the Kremlin, described the talks as “highly useful,” adding that the American […]

UK Gilt Yields Near 30-Year Highs As Political/Geopolitical Fears Spark Trussian Chaos Anyone has been in the bond markets for more than a minute remembers the fall of 2022 when UK PM Liz Truss was unceremoniously dumped by her own party after serving 45 days in office as the Gilts market collapsed at unprecedented speed amid economic chaos triggered by her 'mini-budget' (and multiple ministerial resignations). The reason we reminisce is that this morning - after a long-weekend closed - UK Gilt yields are soaring once again... to their highest level...

UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks U.S. defense stocks showed signs of stabilizing in April after tumbling since Operation Epic Fury began in late February and sustaining a Mach bloodbath. The improvement followed Friday's White House proposal to lift military spending sharply, to roughly $1.5 trillion in 2027.  UBS analyst Allyson Gordon said Monday morning that the White House budget request "should help sentiment," which has deteriorated since the U.S.-Iran conflict began. Last week, Gordon asked, "Why is U.S. defense performance lackluster?" Earlier, the analyst said: Defense...