Mystery Deepens As Spy Aircraft Disappears From US Air Base Without Explanation

Consumers More Optimistic On Jobs, Financial Conditions, Stock Prices As Inflation Eases: NY Fed Survey Unlike recent extremely volatile months, consumers expectations for inflation in July barely budged as disclosed today by the latest NY Fed Survey, which showed that inflation expectations in one year fell slightly to 3.6% from 3.7% prior. Estimates for price increases in three and five years remained at 3.3% and 3%, respectively, although the 3Y inflation forecast did dip notably, if not enough to move it by a significant digit.  Gas price growth expectations rebounded partially...

At least five people have been killed and an unknown number of others wounded Monday in various Israeli strikes on southern Lebanon. At least one of the slain was a woman, targeted outside the women’s Islamic center in Zefta. Zefta appeared to be the main site of casualties so far on Monday, with at least […]

Stellar 3Y Auction Stops Through Even As Yields Hit 1 Month High With yields blowing out today as they followed the sharp increase in oil prices after Iran struck no less than 3 ships crossing the Hormuz Strait (with a Trump response sure to follow), we doubt there was much focus on today's 3Y auction. Which is unfortunate because despite the selloff in the secondary market, the auction itself was quite solid.  The sale of $58BN in 3 Year paper, the week's first coupon auction, priced at a high yield of...