US Says Kyiv Embassy Remains Open as Russia Warns Major Attack Could Start at Any Time

"Door Of Doom" Looms As 30 Year Yield Soars To 19 Year High After Two Huge Treasury Block Sales Bond yields continued to move sharply higher today, driven in large part by the aggressive repricing in the oil strip as markets (finally) price in a lengthy disruption to Hormuz traffic which has pushed year-end prices higher by about $12 in the past month. The result has been a spike across virtually all tenors: *US 2-YEAR YIELD RISES TO 4.11%, HIGHEST SINCE FEBRUARY 2025 *TREASURY 5- AND 7-YEAR YIELDS RISE 10 BASIS POINTS ON...

UAE Unveils Jet-Powered Kamikaze Drone As War Gets A Lot Scarier UAE state-backed defense company EDGE Group has released footage on X, unveiling a new low-cost, jet-powered kamikaze drone, the latest signal that the hyperdevelopment of drone warfare is accelerating. EDGE Group unveiled the Shadow 25, a jet-powered loitering munition described as a rapid-strike system designed to deliver precision attacks against fixed targets. Shadow 25 can reach speeds in excess of 650 mph, about 5.42 times faster than the Iranian Shahed-136 drone. It has a range of 155 miles, which EDGE...

Continuing Jobless Claims Tumble To 2-Year Lows The number of Americans filing for jobless benefits for the first time rose from 203k to 219k last week (higher than the expected 210k), but still hovering within the low-low range of the last four years... Source: Bloomberg New Jersey and Oregon saw the largest WoW rise in initial claims while Texas and New York saw the biggest decline... But, while initial claims rose, continuing jobless claims tumbled to the lowest level since May 2024... Source: Bloomberg Soft survey data continues to signal a stressed labor market, while...