Escalations in Southwest Syria as Israel Raids Quneitra, Daraa Governorates

Solid 20Y Auction Stops Through With Above Average Foreign Demand The week's lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction. The auction stopped at a high yield of 4.883%, up from 4.817% in March and the highest since last July. It also stopped through the 4.892% When Issued by 0.9bps, the highest since January. The bid to cover was 2.68, down from 2.76 in March but above the 2.63 six-auction average. The internals were also solid with Indirects taking...

Israeli artillery strikes targeted the headquarters of the Indonesian contingent of the UNIFIL peacekeepers in Adshit al-Qusayr, in the Marjayoun District of southern Lebanon on Sunday, killing two of the peacekeepers and injuring two others. The attack comes amid the expansion of the Israeli ground invasion, and while the UN equivocated, saying that they couldn’t […]

Trump To Address Nation With 'Important Update' On Iran War: What Will He Say? Update (0845ET): Minutes after we prepared this post, President Trump posted on his social media feed that Iran has asked for a ceasefire: "Iran’s New Regime President, much less Radicalized and far more intelligent than his predecessors, has just asked the United States of America for a CEASEFIRE!" Trump added that he will consider it if the Strait is opened... or else! "We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran...