Ugly 7Y Auction Tails As Foreign Demand Slides Despite Record High Yield

US Creates New 'Multinational' Attack Drone Task Force Amid Iran War & Lessons Learned In Ukraine Compared to what Ukraine and Russia are learning in the context of their grinding years-long war, the Pentagon is a bit late in putting together comprehensive drone swarm battle plans and tactics, but it seems to be the clear direction of future conflict spaces. On Thursday US Central Command unveiled that it is officially establishing America's first-ever multi-domain, multinational attack drone task force. An announcement identified the initiative as Force Falcon Strike, which "will employ one-way attack...

US Marines Board Iranian Tanker As Trump Teases 'Final Stages' Of Talks, But Tehran Warns 'New War' On Horizon Summary US Marines board Iranian-flagged tanker in the Gulf of Oman, as it was accused of attempting to violate the US naval blockade. Iran's parliament speaker and chief negotiator Mohammad Bagher Ghalibaf says that Tehran sees signs that the United States is seeking to restart the war Oil tumbles after Pakistan again touts final deal draft text imminent, followed by Trump claiming US in 'final stages' of peace talks with Iran, though Tehran hasn't budged...

Futures Rebound As Brent Dips Below $100 US equity futures are seeing a modest rebound after posting their biggest drop this month, as Brent crude dropped back under $100 a barrel, and bond yields and rate hike odds - which track the price of oil one to one - halted their ascent. As of 6:00am ET,  S&P 500 futures rose 0.3%, with the index still on track for its first back-to-back weekly loss since the early stages of the Iran war. Tech stocks remained under pressure as South Korea’s memory and Japanese...