Trump Sends Kushner, Witkoff to Qatar for Talks with Iran

Open Sesame Submitted By Peter Tchir of Academy Securities This week’s market behavior had a mythical, almost magical tone to it. In Arabian Nights, Ali Baba was able to open a cave of riches by uttering the phrase “Open Sesame.” Markets responded to any and every sort of connotation of “The Strait is Open” by rewarding participants with riches. We started this week bright and early, kicking off Bloomberg TV, and then moving on to Bloomberg Radio, and Tom Keene’s Best Ideas. At the time we were all trying to understand what “Blockade” meant....

Yields Hit Session High After Subpar 5Y Auction Tails For 10th Consecutive Time As Foreign Buyers Shrink While yesterday's 2 Year auction was absolutely blockbuster, today's sale of 5Y paper left quite a bit to be desired. Starting at the top, today's sale of $70BN in 2Y paper priced at a high yield of 4.393%, which was modestly below last month's 4.408% if at the high end of all auctions in the past few years. It also tailed the When Issued 4.391% by 0.2bps, which was the 15th consecutive auction without...

Two American Troops Killed In Attacks On Jordan Base As Iran Declares MoU Deal Is Over Summary CENTCOM says two US troops killed in Iranian attack on Jordan base. Iran formally suspends MoU with the US, declaring agreement is over & commitments will no longer be fulfilled. Fighting escalates into seventh strait day of heavy bombings. Iran reportedly struck a US base in Saudi Arabia for the first time in four months. US strikes disrupt southern Iran's telecom network, knocking out 116 communication towers amid new infrastructure war. Iran pounds Kuwait's energy infrastructure, damaging power &...