MBS Asked Trump for Houthi Military Help; U.S. Declines Direct Action for Now
Reuters confirming Axios: at least two Thursday calls; intel sharing and targeting offered; White House did not address Reuters question.
US 2Y4.56%
US 10Y4.95%
US 30Y5.37%
2s10s+39bp
WTI$97.26
Brent$109.51
Fed funds3.50–3.75%
CPI3.7% YoY
Core CPI2.8% YoY
Unemployment4.10%
Policy
IAEA Board Refers Iran to UN Security Council for First Time in 20 Years
Board vote 23-3-8 in Vienna Wednesday; Grossi asked to report non-compliance; path to possible sanctions, not enacted measures.
Trump Says Iran War Ends After Midterms; Threatens Pickaxe Mountain as Saudi Alerts Persist
Reuters: Trump ties end to Nov. 3 midterms and warns on Pickaxe; WSJ Vance/Rubio warning unverified; Hormuz Wed ~7 transits;...
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