Futures Swing As Global Bond Yields Follow Oil Tick For Tick

Tailing 7Y Auction Sees Lukewarm Foreign Demand, Jump In Direct Buyers The week's final coupon auction per the truncated pre-FOMC schedule has come and gone, and like yesterday's 2Y and 5Y, was also mediocre at best. The sale of $44BN in 7Y paper stopped at a high yield of 4.175%, down from 4.255% in March; and like the week's previous auctions, the 7Y also tailed the 4.170% When Issued by 0.5bps, which makes it 4 auctions that have not stopped through in a row. The bid to cover was better, rising to...

Iran Vows 'Swift, Decisive' Revenge After Overnight US Port Attack, As Sides Seek Deal Allowing Each To 'Sell Their Narrative' Summary CENTCOM denies that US Navy has officially restarted guiding ships through Hormuz Strait amid fresh tanker explosion and fuel leak incident. IRGC says its military shot down an MQ-9 drone and forced an F-35 jet out of Iranian airspace. Tehran formally accuses Washington of "ceasefire violation" while warning a final deal is not yet imminent, while Pentagon cites "self-defense" strikes in Hormuz overnight. Ayatollah Hajj message: US will "no longer have a safe...

Appeals Court Rules Federal Ban On Interstate Handgun Sales Unconstitutional Authored by Jill McLaughlin via The Epoch Times, The Fifth Circuit Court of Appeals ruled 2-1 against the federal government's ban on interstate transfers of handguns on Sept. 18, finding the nearly 60-year-old law was unconstitutional. The ruling reverses provisions of the Gun Control Act of 1968 that prohibit handguns from being sold directly from licensed firearms dealers to buyers across state lines. "The ban sullies the plain text of the Second Amendment and is inconsistent with the nation's tradition of firearms regulation,...