US: Americans Increasingly Think The US Should Continue Iran Strikes - WaPo

Mar-13 18:17

A new survey from the Washington Post shows that Americans increasingly believe that the US should continue strikes on Iran.

  • The Post notes on surveys conducted on March 1 and March 6-9: “The share of Americans saying the United States should “continue military strikes against Iran” grew from 25 percent to 34 percent since the first weekend of attacks. A larger 42 percent still say the U.S. should “stop strikes at this time,” down from 47 percent the day after the strikes began. Roughly one-quarter, 24 percent, say they are unsure, compared with 28 percent in the initial poll. Among those who support the U.S. military campaign overall, 72 percent want the strikes to continue while 10 percent want them to stop and 18 percent are unsure.”
  • The Post adds, “Support for continuing strikes is up by double digits among Republicans, independents, women and people 65 and older. Majorities of seniors and Republicans support continuing strikes on Iran, while pluralities or majorities of independents, Democrats, women and people under age 50 want them to stop.”

Figure 1: “Do you think the U.S. should continue military strikes against Iran, or should it stop military strikes at this time?”

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Source: Washington Post 

Historical bullets

FOREX: JPY Extends Post-Election Surge Despite Payrolls Volatility

Feb-11 18:10
  • Higher-than-expected headline figures within the January US employment report sparked some recovery strength on Wednesday. However, intricacies within the report and the overarching bearish dollar narrative quickly sapped the initial greenback enthusiasm. The net impact is a slightly lower dollar index on the session, although this has been dragged by particularly strong performance for both the Japanese yen and the Australian dollar.
  • The Japanese yen extended its post-election rebound in APAC trade, prompting USDJPY to fall to a 152.80 low. The pair recovered ahead of the US data, and had an aggressive spike to 154.65 following the release, however, the rally was extremely short-lived with a vicious reversal taking the pair back below 153 in rapid fashion.
  • After a few hours of steadier trade between 153.20-80, spot has now edged back below 153.00 as has made fresh session lows below 152.80 as we approach the APAC crossover, further narrowing the gap to 152.10 support, the Jan 27 low.
  • AUD outperformance has been linked to a stable session for equities and the positive performance for precious metals. Furthermore, a hawkish leaning RBA Hauser has underpinned the bullish AUD narrative, prompting AUDUSD to close in on the 2023 highs at 0.7158. Aussie strength has been very notable in the crosses, with the likes of EURAUD and GBPAUD extending their 2026 selloffs to around 5.5%, and AUDCHF showing nascent signs of a technical breakout, rising 1.15% today.
  • In similar vein, the more stable session for the Euro and sterling have prompted solid corrections for EURJPY and GBPJPY, with the latter extending significantly below its 50-day EMA and the January lows to reach a session low of 208.45.
  • UK GDP and US jobless claims highlight a lighter calendar on Thursday, before he focus turns to Friday’s release of US CPI.

US TSYS/SUPPLY: Review 10Y Auction: Tail

Feb-11 18:04
  • Treasury futures moving lower (TYH6 -5.5 at 112-11) after the $42B 10Y note auction (91282CPZ8) tails: drawing 4.177% high yield vs. 4.162% WI; 2.39x bid-to-cover vs. 2.55x prior.
  • Peripheral stats: indirect take-up retreats 64.54% vs. 69.65% prior; direct bidder take-up 22.08% from 24.51% prior; primary dealer take-up rises to 13.38% vs. 5.85% prior.
  • The next 10Y auction is tentatively scheduled for March 11.

 

FED: US TSY 10Y NOTE AUCTION: HIGH YLD 4.177%; ALLOTMENT 6.20%

Feb-11 18:02
  • US TSY 10Y NOTE AUCTION: HIGH YLD 4.177%; ALLOTMENT 6.20%
  • US TSY 10Y NOTE AUCTION: DEALERS TAKE 13.38% OF COMPETITIVES
  • US TSY 10Y NOTE AUCTION: DIRECTS TAKE 22.08% OF COMPETITIVES
  • US TSY 10Y NOTE AUCTION: INDIRECTS TAKE 64.54% OF COMPETITIVES
  • US TSY 10Y AUCTION: BID/CVR 2.39