Communism, Berlin Edition: Adler Bonds Crash To Record Low As Left Coalition Plans To Socialize 152,000 Apartments

Vance 'Skeptical' That Iran Closed Hormuz Strait Again, Pentagon Declares Safe Passage Remains 'Intact Today' Summary Vance & CENTCOM push back against reports of Hormuz 'closure' by Iranians.  Iran's Ghalibaf, Araghchi en route to US Talks in Switzerland, IRIB reports. Also Witkoff-headed US delegation still expected. Iran declares Strait 'closed' again over US failing to reign in Israeli action in Lebanon. Rising death toll in Lebanon, after over 50 new rockets fired on Israeli positions by Hezbollah.  Strait of Hormuz traffic returns to normal by end of June? Yes 8% · No 93%View full market &...

Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation" As expected, the Bank of Canada - which was the day's first G5 central bank to hit the tape ahead of the Fed's decision at 2pm ET - held interest rates unchanged at 2.25% as expected, saying adjustments to borrowing costs would likely be small if the economy and inflation evolve as expected, while stating that it is looking through the war's immediate impact on inflation but will not let higher energy prices become persistent...

US Closes Fiscal 2026 With $2 Trillion Budget Deficit, Pays Record $1.4 Trillion In Interest With DOGE disbanded more than a year ago, and tariffs struck down by the Supreme Court, the US is no longer even pretending that there is any hope to normalize spending, or any kind of happy ending to the US debt trajectory.  At 2pm today the US Treasury published the latest, September, monthly budget deficit data, which was also the last month of fiscal 2026, and it will again come as no surprise to anyone that...