US Sees Omani Neutrality as a Threat, Pushes Muscat to Cut Ties with Tehran

"Far-Right" AfD Party Makes Historic Gains In German State Elections Only a year ago, the AfD was the target of an orchestrated media smear campaign, not to mention leftist government attempts to ban the party from elections.  The same tactics have been used to stifle conservative and nationalist movements across Europe, but these movements are proving to be resilient.  The latest Le Pen success story in France's small town areas runs in tandem with the latest news from Germany.  In the recent Rhineland-Palatinate state election, the Christian Democrats have, according to...

Ugly, Tailing 30Y Auction Sees Foreign Demand Tumble, Dealer "Backtop" Bid Jump After yesterday's stellar 10Y auction, which saw the 5th highest Indirect take down on record, today's reopening of $22BN in 30Y paper (via Cusip UU0) was a mirror image: ugly, poor foreign demand, and tailing. Starting at the top, the auction priced at a high yield of 5.02%, down fractionally from 5.046% last month (which was the first 5% coupon auction in history). And just like last month, today's auction also tailed the When Issued 5.008% by 1.2bps; this...