Trump Proposed Allowing Iran to Downblend Enriched Uranium

Average 7Y Auction Stops On The Screws As Foreign Demand Slides After a solid 2Y auction and a subpar 5Y auction earlier this week, moments ago we got the week's final Treasury issuance when the US auctioned off $44BN in 7Y paper in a perfectly average sale. Starting at the top, the bond priced at a high yield  of 4.260%, down modestly from 4.290% last month and in the middle of a range established in late-2023 after which the 7Y has traded between 3.50% and 5%. The auction also priced...

The Israeli military has issued statements today indicating that the war goal of fully disarming Hezbollah, initially presented as the entire pretext for the invasion of southern Lebanon last month, is being dropped on the grounds that it is “unrealistic” to think they’d be able to accomplish the goal, and “not required” for the war […]

EU Could Lose 1.3 Million Jobs Due To Energy Price Surge From Iran War Up to 1.3 million jobs across the EU are at risk because of the ongoing war in the Middle East, European Commissioner for jobs Roxana Mînzatu said on Wednesday. "Due to the war in the Middle East, up to 1.3 million jobs are at risk, particularly in energy-intensive industries," Mînzatu said at a press conference. "Let me also underline that increased energy costs will have a particular negative impact on lower-income households in Europe, which is why we...