U.S. Department of Labor released the weekly Initial Jobless Claims & Continuing Claims report.
The print does not signal an acute recessionary spiral, ruling out a panic-driven morning dump.
10Y yield sits at 5.28%; the 10Yโ2Y curve slope remains locked at +163.0 bps.
BREAKING: Iranian officials say they will soon release the audio of several voicemails Donald Trump left them in which he begs, threatens, attempts to bribe, and finally cries for them to open up the Strait of Hormuz so gas prices will go down before Americans vote on November 3.
@JDVance Three years ago Netanyahu staged a terrorist attack so he could stay in power and pull billions of dollars out of the American economy. Fixed it for you.
BREAKING: Iran is now launching at least three anti ship cruise missiles toward U.S. Navy aircraft carriers or escorted vessels in the Strait of Hormuz, with multiple explosion sounds reported in Sirik, southern Iran, according to initial reports.
This marks the third reported Iranian launch today with zero U.S. response has been reported so far.
IRGC Navy forces have also significantly increased attacks on commercial shipping in the Strait over the past week, with more vessels reportedly being hit.
BREAKING: Ukraine has just struck an oil tanker, which is now burning off the coast of Sochi in Russia's Krasnodar region, with a massive fire and a black smoke column rising several kilometres.
The soft Nonfarm Payrolls (+29,000 vs ~90,000 exp) sparked an initial knee-jerk bond rally, dropping 10-year yields to 5.16%. Yields aggressively reversed +10.8 bps past ~5.25%.
BREAKING: Iran has just struck an oil tanker conducting an outbound transit of the Strait of Hormuz under US escort in the US-backed southern Omani corridor, with a fire and a blackout on board, per UKMTO.
It is the 6th vessel Iran has struck in the Strait this week.