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0.003%
Gold
4616.86
2.163%
Oil
86.290
0.427%
USD/JPY
158.995
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GBP/USD
1.36466
0.123%
GBP/JPY
216.979
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Real-time News
August 23 - The bond market has recently sent a clear signal to Treasury Secretary Bessant: dont try to sweep $40 trillion in U.S. Treasury bonds under the rug and pretend everything is fine. Bessant announced plans to increase long-term Treasury repurchases this fall, pledged to use the Treasurys vast "toolbox" to support the market, and discussed upcoming measures to curb the ever-expanding U.S. debt burden. John Arnold, a former Enron energy trader, billionaire, and founder of the philanthropic venture capital firm Arnold, said the summers bond market turmoil may ultimately be just "another quickly subsided episode," but the bigger concern is that the lack of change in the U.S. fiscal situation will persist until it finally triggers a crisis. Tracy Chan, a global portfolio manager at Brandiwin, said she is very nervous because Bessant has failed to curb long-term Treasury yields. The bond markets performance suggests that bond vigilantes still dont trust him. Bessant needs to do more to convince investors that the Trump administration is serious about U.S. fiscal issues, but talking about increasing revenue through tax increases or austerity measures before the November midterm elections will be unpopular.On August 23, according to the Wall Street Journal, Russian military officers flew from St. Petersburg to the Kaliningrad exclave last month. Western intelligence officials said these officers oversaw mobilization preparations and procedures for the regions residents, including specific details on how to house, supply, and arm mobilization personnel. Intelligence officials stated that the planning exercises in Kaliningrad were just one of many nationwide drills designed to prepare for a "call to arms." Officials said the Kremlin has not yet decided whether to actually carry out such an operation, and a decision is likely to be made after the parliamentary elections at the end of September. However, despite the slow and costly progress, Putins determination to seize the entire Donbas region of eastern Ukraine may force him to take action. Kaliningrad, the location of last months mobilization test exercises, has recently received increasing attention. Western intelligence officials have warned that the exclave could play a role in Moscows military plans.August 23 – According to the Jerusalem Post and Al Mayadeen TV, a senior Iranian official stated that Iran has been invited to join the Mecca Mutual Defense Agreement established earlier this month by Saudi Arabia, Turkey, and Pakistan. The invitation has not yet been officially confirmed by the Iranian Foreign Ministry or any of the three parties to the agreement. Mehdi Rahimi, head of the Islamic Consultative Conference News Agency, stated that Iran has received an invitation to join the Mecca Agreement, and the matter is under review. Rahimi added that countries in the region are "moving in the direction of seeking a regional security umbrella," and called this a victory for Iran, as it has long been advocating for this.On August 23, Syrian Transitional Government Foreign Minister Shibani stated in an interview with Reuters on the 22nd that Syria expects to resume negotiations with Israel soon on a security agreement, hoping the agreement will facilitate Israels withdrawal from Syrian territory. Shibani said that negotiations between Syria and Israel on a security agreement have been stalled since the outbreak of the US-Israel-Iraq conflict this year, but he anticipates they will resume. The United States is pressuring Israel to return to dialogue. Shibani also stated that the Syrian Transitional Government "currently does not trust Israel," but the current priority is to stop Israeli attacks, therefore "confidence-building measures" are needed. Communication between Syria and Israel was severed after the attack on Syrias Abu Zukur airbase on August 18.August 23 - According to foreign media reports, the US Navy is testing a new air-to-air missile capable of striking targets more than 290 miles (465 kilometers) away, significantly exceeding the range of other known similar weapons. The US Navy states that the AIM-424 "Malice" missile, developed by Raytheon, a subsidiary of RTX Corporation, is roughly the same size as the currently deployed AIM-120 "Advanced Medium-Range Air-to-Air Missile" (AMRAAM). This means the missile can be fitted into the internal weapons bays of F-35 and F-22 stealth fighters. Peter Layton, a former Royal Australian Air Force officer and visiting scholar at the Griffith Asia Institute, stated that while missiles with this range could be used to strike high-value aerial targets such as command aircraft or refueling aircraft, they may be even more valuable for defending ships.
