WS #7760
No material new developments in the last 30 minutes. The Iran War Powers Resolution remains in the same procedural stage, the SpaceX IPO story is unchanged, and Treasury yields have not moved significantly. The dominant narrative is stable with no new data points.
Key developments
- Senate advances Iran War Powers Resolution 50-47, four Republicans flip
- Goldman Sachs selected to lead SpaceX IPO
- Fed's Paulson: current policy rate appropriate, rate cuts require inflation progress
- 30-year Treasury yield hits 19-year high of 5.19%
- API reports U.S. crude stockpiles fell 9.1M barrels last week