Iran Says Reports of Peace Deal ‘Should Not Be Given Importance’

Russia Hammers Kiev With Massive Barrage, Likely Including Oreshnik Hypersonic IRBMs Less than two days after President Vladimir Putin vowed revenge for a Ukrainian strike that hit a secondary-school dormitory in the Russian-controlled Luhansk oblast, Russia unleashed a massive, multi-weapon barrage on Kiev early Sunday, one that apparently included the rare use of Oreshnik hypersonic ballistic missiles. Private videos show clusters of bright objects at supersonic speed descending from the sky near Kiev May 24, 2026. They claim to be Russia’s intermediate-range hypersonic Oreshnik system. Moscow has not officially confirmed...

10Y Auction Tails As Foreign Demand Dips After yesterday's impressive 3Y auction, moments ago the Treasury sold $39 billion in benchmark, 10Y paper, in what was a mediocre auction. The auction, a 9-Year 10-Month reopening of cusip CPX8, stopped at a high yield of 4.282%, up from 4.217% last month and the highest since last August. It also tailed the When Issued 4.280% by 0.2bps, the third consecutive tail in a row. The bid to cover dipped to 2.429 from 2.449, and was also below the six-auction average of 2.48. The internals also...

On Saturday, an Iranian missile struck Dimona, a city in southern Israel near the Shimon Peres Negev Nuclear Research Center, a facility where Israel first developed nuclear weapons and is believed to still be a crucial part of Israel’s undeclared nuclear weapons program. Iranian media said the strike on Dimona was a response to a […]