"Both Parties Are Whirling Around The Drain Of Extinction..."

Trump Unloads On 'Duplicitous' Iran, Claims Secret Talks Despite Tehran's Public Rejection Summary Trump claims Iran wants talks; Tehran again denies any US negotiations. Trump says Gulf allies halted planned US strikes in favor of diplomacy. Iran says Hormuz talks with Oman are progressing, but US actions remain the obstacle. Oil prices still falling on optimism over Hormuz negotiations & uptick in transit. Tehran is betting it can outlast Trump by raising the costs of confrontation. Will the U.S. invade Iran before 2027? Yes 21% · No 80%View full market & trade on Polymarket *  *  * Trump:...

5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction. The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues. The bid to cover...

Futures Unchanged Just Shy Of All Time High On Peace Hopes, Solid Earnings US equity futures are flat following yesterday’s rally as market awaits news on the Iran war resolution and as we traverse earnings season. As of 8:15am ET, S&P 500 futures are little changed after the benchmark closed within a whisker of a record. Risk sentiment took a small knock in recent trade after Iran cautioned that it will not allow shipments to or from the Gulf if the US blockade remain.Nasdaq futures are fractionally in the green, and set...