Report: Pentagon Underreports US Deaths in Iran War

Dismal, Tailing 10Y Auction Sees Lowest Foreign Demand Since Jan 2025 As Yields Soar With 30Y yields trading on the wrong side of 5% today, all eyes were on today's 10Y refunding auction to see if it would be ugly enough to push yields to 4.50% or higher. Here is what happened. Just after 1pm, the Treasury announced that the high yield on today's sale of $42 billion in 10Y paper was 4.468%, the highest yield since Jan 2025, and a 0.4bps tail to the When Issued 4.464%, the 4th consecutive...

Recent weeks have seen the number of new casualties in the ongoing Israeli invasion of Lebanon slow to a relatively low level, but Thursday marked an increase in operations and led to growing concerns that once again the IDF was preparing to escalate the conflict. Demolition operations were carried out in Ebel al-Saqi, a village […]

Black smoke filled the skies, and water mixed with oil rained down on the Iranian capital of Tehran on Sunday, following a US-Israeli strike that blew up oil facilities, marking a new escalation of the bombing campaign. The Israeli military said on Saturday that it struck “several fuel storage complexes” around the city, and according […]