Ukrainian Drones Launched 750-Miles Deep Into Central Russia Kill 13

Contacts Back On? Trump Proclaims Iran 'Talks Continuing At Rapid Pace' Amid Lebanon Ceasefire Efforts Summary Trump has announced the "shooting will stop" in Lebanon, after phone calls with both sides. Says Iran talks back on "at rapid pace". Iran announces halt to all exchanges with US, citing Israeli aggression in Lebanon. Trump says 'haven't heard' this from Tehran, vows to keep US naval blockade in place. Iran overnight initiated fresh attacks on neighboring Kuwait and even released video showing footage of a ballistic missile launch. The US bombed radar & drone sites in Iran...

Stellar 3Y Auction: 2nd Most Foreign Buyers On Record, Highest Stop Through Since Feb 2025 After several weeks of decidedly ugly auction which saw a notable drop in foreign demand amid what we reported a week ago was rampant selling of US debt by foreign central banks, moments ago the Treasury sold 3Y notes in what may have been the best auction since the start of the war. Just after 1pm, the US treasury sold $58BN in 3Y notes at a high yield of 3.897%, up sharply from 3.579% a month...

Medicore 30Y Auction Has First Tail Since November After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction. The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued 4.871% by 0.5bps, the first tail since November. The bid to cover was 2.385,...