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October 13

Mkts  2Y  10Y  30Y
S&P is down 0.12% | 13:02
Oil is up 0.82%, Brent is $106.01
AAA Diesel is $6.278, down from $6.315 a week ago

Gold is down $19
Dollar index is down 0.31% to 102.27
10Y is lower by 0.2bp to 5.233%

News
US ambassador to Greece resigns amid misconduct allegations
Trump has stopped advance warnings to Kiev of Russian missile strikes | Wauck
Saudi intensifies attacks on Houthis, Trump says may ask Turkey to join | Iran Blasts heard in Sanaa as Houthis threaten ‘harsh’ response | AlJaz

Ukraine says it will attack the ships carrying Russian diesel to the US | Wauck
Trump and Putin found a way to work together without making Ukraine part of the bargain
Trump defended decision to ease restrictions on Russian diesel exports

Economic calendar: CPI, PPI. retail sales, and industrial production
Cleveland Fed: Sept CPI up 0.53 m/m and 3.60% y/y
Cleveland Fed October: up 0.27 m/m and 3.63% y/y

France Looks to Be the First Country to Go Bust… But It Won’t Be the Last
France’s 10-year OAT yield fell to 4.85%, tracking US Treasury yields lower following a US market holiday. French borrowing costs remain near their highest levels in more than two decades, amid concerns over record public debt and political hurdles to fiscal consolidation. The government aims to narrow the budget deficit to 5% of GDP in 2027, but securing parliamentary backing for significant spending cuts remains uncertain ahead of next year’s presidential election.

Debt Rattle
The Legacy Media is the enemy of the People.
UK PM Consoles Zelensky After Trump Calls For His Ouster
Omar is the daughter of a colonel in army of Somali dictator who fought to exterminate against rival clan

Mark Carney Is Pressuring UK to Abandon Plans to Nationalise Water | Naked
Carney is doing what he has always done: defend the interests of the international rentier class.

It is clear socialism has been a disaster for urban transit.

NATO’s De Facto Expansion To The Caspian Sea Is Inevitable | Kory
Azerbaijan is also on pace to further integrate its economy with the EU’s. Not only is it helping the bloc replace Russian energy, but it’s also going to facilitate their trade with Central Asia,

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