Record-Breaking 30Y Auction Sees Huge Stop Through, 2nd Highest Foreign Demand On Record

The Lebanese government’s intention is to fully disarm Hezbollah in the area north of the Litani River within the next four months. That’s not sitting well with Hezbollah, who insists they will not compromise on the issue. Hezbollah cooperated with the disarmament south of the Litani, which was completed last month. Hezbollah MP Hassan Fadlullah […]

Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen Via The Cradle Saudi Arabia’s Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom, Bloomberg reports. The office was registered last year, falls under PIF’s Beijing branch, and is led by Lily Cong, a former chief representative of Fidelity International in China’s capital. Source: Britannica  The Shanghai outpost was reportedly created to strengthen the $1 trillion fund’s ability to pursue outbound deals in China,...

Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years The number of Americans filing for unemployment benefits for the first time jumped to its highest in three months last week at 225k (215k exp), but this remains well within the range of the last five years... Source: Bloomberg The biggest increase in initial claims came from California while Texas saw the biggest decline... Continuing Jobless Claims dipped to 1.777 million Americans (remaining below the 1.8mm Maginot Line), just above two year lows... Source: Bloomberg However, despite the seemingly solid claims...