EU-RUSSIA: EU Diplos Fail Once Again To Approve 18th Sanctions Package

Jul-16 15:37

Reuters reports that, according to EU diplomats, the Union has once again failed to approve the 18th package of sanctions on Russia. EU ambassadors met for a Coreper II meeting in Brussels today after EU foreign ministers failed to reach a unanimous consensus yesterday, with Slovakia again the obstacle. The gov't of PM Robert Fico has held up the sanctions over another issue, the EU's planned phase-out of Russian fossil fuels. 

  • On 15 July, Fico stated that EU assurances on ensuring a sufficient supply of hydrocarbons despite the phase out were "insufficient", risking a major escalation in tensions between Brussels and Bratislava. The phase out only needs a qualified majority, meaning Slovakia cannot block it. However, sanctions need unanimous approval, resulting in Slovakia holding up the package until its demands on the phase out are met. 

Historical bullets

G7: CBS-Trump Does Not Intend To Sign G7 Statement On Iran-Israel

Jun-16 15:36

The high-profile meeting between Canadian PM Mark Carney and US President Donald Trump on the sidelines of the G7 summit in Kananaskis, Alb. is underway. Livestream here. These are the second set of in-person talks between the two leaders, and come on a day of extremely high geopolitical tension with Iran and Israel continuing to pummel one another with airstrikes. 

  • Jennifer Jacobs at CBS News reports that Trump is not set to sign the G7 statement on Israel-Iran according to unnamed US officials. Jacobs claims that "The document talks about monitoring Iran, calls for both sides to protect civilians, and reups commitments to peace," Alayna Treene at CNN: "The statement also says Israel has a right to defend itself and states Iran can never have a nuclear weapon"
  • While this decision is unlikely to change anything on the ground in the short term (airstrikes on both countries continue apace, Israel have seemingly struck the Iranian state TV station in the past few minutes), the lack of an agreement on such a pressing concern does not bode well for the G7 nations being able to reach agreement on other controversial topics such as trade, or the war in Ukraine. 

FED: US TSY 26W BILL AUCTION: HIGH 4.155%(ALLOT 15.25%)

Jun-16 15:32
  • US TSY 26W BILL AUCTION: HIGH 4.155%(ALLOT 15.25%)
  • US TSY 26W BILL AUCTION: DEALERS TAKE 32.56% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: DIRECTS TAKE 11.29% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: INDIRECTS TAKE 56.15% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: BID/CVR 2.73

FED: US TSY 13W BILL AUCTION: HIGH 4.240%(ALLOT 6.76%)

Jun-16 15:32
  • US TSY 13W BILL AUCTION: HIGH 4.240%(ALLOT 6.76%)
  • US TSY 13W BILL AUCTION: DEALERS TAKE 28.95% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: DIRECTS TAKE 8.23% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: INDIRECTS TAKE 62.83% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: BID/CVR 2.99