UK Gilt Yields Tumble As BoE Scraps Bond Sales, Holds Rates (As Expected)

President Donald Trump described CIA Director John Ratcliffe’s trip to Russia as routine engagement. He went on to dismiss the possibility that Russia could attack a NATO member.  On Thursday, Trump was asked by Axios reporter Barak Ravid if he was concerned that Russian President Vladimir Putin would authorize an attack on a NATO state. […]

Oil Soars Over 10% In OTC Trading, Whether That Sticks Depends On How Long The War Lasts With war in the middle east raging, and the world's most important oil transit choke point - the Straits of Hormuz which accounts for 20% of daily global oil transit - "effectively" halted after at least three ships were attacked in the vicinity of the waterway - even as Iran’s Foreign Minister Abbas Araghchi told Al Jazeera TV his country has no intention to close the Strait of Hormuz and has kept it open...

Piper Sandler's Top Economist Sees "Big Bounce" In Consumer Sentiment As Gas Prices Tumble Building on last week's theme of "early signs of a turn in U.S. consumer discretionary," Piper Sandler analysts note that the sharp decline in gasoline prices at the pump is beginning to lift consumer sentiment, particularly among lower-income households. Their proprietary daily confidence data suggest the rebound is still in the early innings, but the direction is clear: cheaper gas is easing pressure on working-class folks. Piper Sandler's chief global economist and head of the firm's economics...