Saudi Arabia’s General Authority of Civil Aviation (GACA) confirmed that 12 people were killed and another 309 were injured in a Houthi strike on the King Khalid International Airport in Riyadh on Saturday. In addition to four Saudi nationals, two Bangladeshi nationals, and one American, Syrian, Egyptian, Jordanian, Palestinian, and Sudanese citizens lost their lives in the attack. The injured individuals are receiving medical assistance, GACA added. In addition, the authorities are still assessing the extent of damage inflicted during the attack. Significantly, it marks the first mass casualty event in Saudi Arabia since the resumption of full-scale hostilities with the Yemeni Houthis, amid region-wide tensions in the Middle East following the outbreak of the war in Iran.

SPECIAL REPORT ON THE ELECTIONS

THE GREAT ELECTION-YEAR DIESEL FUEL SHOW AND $5000 CHECKS

An opinion editorial by Nick Guarino | October 11, 2026

1.THE ROMAN FORMULA RETURNS

Two thousand years ago, Roman rulers learned that a restless public could be distracted with free bread and sporting events they fought in the great colosimes they called Circus Maximus. Today, the free bread is a $5000 check and promises of cheaper diesel. And we now have great Stadiums, billion dollar sports like the NFL, NBA, Formula 1 racing and cage fighting. The only difference we don’t use up the athletes as fast as the Romans did. For the most part they do not fight to the death. Its a slower demise now a days as their joints blow out and their brains are fried.

Rome has its great wars with conquering generals like Julius Caesar parading the spoils of war and slaves they captured marching through the street of Rome

Today we have great generals like Storming Norman, fly overs with jet planes and military parades fireworks and all. And the spoils of war like oil.

Add the geopolitical spectacle featuring Donald Trump, Vladimir Putin, millions of tons of fuel, and an election clock ticking toward November and you can see things have not changed much since the roman times.

This is not an argument that sporting events do not matter, foreign wars do not count, diesel prices do not matter and people don’t want happy checks. . They matter enormously.

It is an argument that political theater must never be confused with a war we don’t have the balls to fight to a decisive ends. And a building energy crises as emergency supplies run out. And out of control government giveaways that will end up in a debt collapse and great depression.

You cannot drive a truck on a press release, harvest a field with a headline, or fill a storage tank with applause.

2.THE PROMISE: FOUR POINT EIGHT MILLION METRIC TONS

On October 9, President Trump announced that Russia would release more than 300,000 metric tons of diesel immediately, another 500,000 tons in November. And 1 million tons thereafter, and a further 3 million tons subject to refinery conditions. That is roughly 4.8 million metric tons in total promise, according to Reuters and the Associated Press. This is a stated commitment, not evidence that the shipments have arrived. In fact with the constant bombing of Russian refineries by Ukrainian drones Russia cannot supply its domestic fuel needs nevermind supply Trumps election fuel deamands.

As Usual The Devil Is In The Details

Using conversion figure of 7.5 barrels per metric ton, the first 300,000 tons to be supplies by the end of October equal approximately 2.25 million barrels of diesel fuel, or 94.5 million U.S. gallons.

The next Russian promised release for November 1.8 million tons amount to about 13.5 million barrels;

All together Russia promises to release 4.8 million tons in the next 3 months It would be about 36 million barrels, or 1.5 billion gallons. Actual conversion varies with diesel density.

Numbers that seem large are politically intoxicating but are a cruel political joke. The volume and the announced timing is a magician’s trick.

The 36 million barrels are smaller than ten days of total U.S. distillate consumption, based on EIA transportation consumption and its share of the total. UNHOOK MY DICK…. This is a joke…. its the equivalent of pissing in the ocean. Its nothing. Another political trick to fool the fools

3.WHERE IS THE FUEL COMING FROM?

The essential questions are physical, not rhetorical. Which Russian refineries will produce these cargoes? What capacity is operating after repeated Ukrainian strikes? How much product is already in storage? Which tankers will carry it, which buyers will receive it, and when?

Reports describe refinery damage and Russia’s own export restrictions. Those facts justify skepticism. The sad fact is Russia is incapable of producing, refining or shipping the promised barrels. Some barrels may come from inventories or be diverted from existing customers. But diverted supply is not necessarily new supply. Moving a barrel from one buyer to another may reshuffle shortages rather than cure them.

This is the missing distinction in the grand announcement: an increase in global availability is not the same as a new increase in global production.

4.THE RED-DIESEL ACT: A TAX BREAK IS NOT A REFINERY

The administration has also promoted broader use of red-dyed diesel, normally reserved for qualifying off-road uses and exempt from the federal highway diesel excise tax. A reported executive-order initiative would permit wider on-road use, potentially saving 24 cents per gallon in federal tax for some purchasers.

That may be genuine financial relief for eligible motorists if implemented lawfully and effectively. But it cannot add one gallon to refinery output. Off-road users already enjoying the exemption would not receive a new 24-cent benefit. And tax policy has legal and administrative limits; an announcement does not by itself settle them.

One act promises more fuel. The other promises cheaper tax treatment. They are different policies, and neither should be sold as any kind of real solution to a global supply crunch.

5.THE POLITICAL PRICE TAG

The timing is impossible to ignore. Diesel prices have become an acute political problem ahead of the midterms. Farmers, truckers, contractors, and families face the knock-on effects of higher transport and production costs. Trump has explicitly invoked relief for farmers, ranchers, and truckers.

My editorial judgment is that the administration is staging an election-year rescue show. Supporters can reasonably argue that any supply relief and tax savings are worth pursuing. Critics can reasonably ask why Washington is relaxing pressure on Moscow while Russia continues its war in Ukraine. Both claims deserve to be confronted with the same test: measurable deliveries, measurable prices, and measurable consequences.

The United States cannot simultaneously pretend that energy sanctions are costless and that reversing them has no geopolitical price. Ukraine and European allies have objected to the easing of pressure on Russia. Their concern is not theatrical: fuel revenues can strengthen Moscow’s finances.

6.THE TEST: SHOW US THE BARRELS

Forget the triumphant announcements for a moment. Show us the refinery runs. Show us the cargo manifests. Show us the delivery dates. Show us whether inventories rise in the markets that actually need diesel. Show us whether retail prices fall for more than a headline-driven trading session.

If Russian fuel arrives, it may ease localized pressure a little. If tax changes reduce bills, some drivers may benefit even less. But those possibilities are not permission to claim the crisis is solved. The hard work is refining, shipping, distributing, and paying for the fuel—not announcing it.

Rome had its bread and circuses. America now has diesel and declarations. The public should demand more than a performance.

Because a promise is not a barrel. A barrel is not a refinery. And an election is not an energy policy.

Nick Guarino

I am disappointed in Trump who I support. This is a cheap political stunt. Nothing more! Its an act of desperation!

7.SOURCES AND METHODOLOGY

Reuters, October 9, 2026: https://www.reuters.com/business/energy/trump-says-russia-immediately-supply-300000-tons-diesel-fuel-2026-10-09/
Associated Press, October 9–10, 2026: https://apnews.com/article/12baccc7aade559bf329079b0548c9da
Bloomberg News, October 9, 2026: https://news.bloomberglaw.com/environment-and-energy/trump-says-putin-to-supply-us-with-diesel-ahead-of-midterms-3
U.S. Energy Information Administration, Use of Diesel: https://www.eia.gov/energyexplained/diesel-fuel/use-of-diesel.php
U.S. EIA, Energy Units and Calculators: https://www.eia.gov/energyexplained/units-and-calculators/index.php

Conversions use approximately 7.5 barrels per metric ton and 42 U.S. gallons per barrel. They are estimates, not verified delivered volumes. Reported red-diesel executive-order details come from the Bloomberg article supplied by the author. Commentary is labeled as opinion; future delivery and political motives remain uncertain.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Friday that vessels owned by companies that “cooperate” with the United States will be “punished,” including through sanctions. It stressed that the measure could include “routes it considers unauthorized,” extending beyond the Strait of Hormuz, according to Iran International.The IRGC added that it targeted a liquefied petroleum gas carrier south of Hormuz for using an “illegal” route. The United Kingdom Maritime Trade Operations reported a vessel was hit off the coast of the United Arab Emirates, although it is unclear whether it is the same incident.

UK reports vessel struck off UAE coast

The United Kingdom Maritime Trade Operations (UKMTO) said on Friday that it received reports from multiple sources about a vessel being hit in the Strait of Hormuz, 13 nautical miles west of Al Jazirah Al Hamra in the United Arab Emirates. The ship was reportedly hit by an unidentified projectile, which started a fire. The fire has since been extinguished, but there is currently no information on potential casualties, damage and environmental impact.

Zelensky: Ukraine struck two Russian oil refineries

Ukrainian President Volodymyr Zelensky announced in a social media post on Friday that his country’s armed forces struck two Russian oil refineries, one in Omsk and another in Ukhta, 1,900 kilometers from Ukraine’s state border. “The target in Ukhta was hit by An-196 RS drones, which can fly about 2,500 kilometers, while FP-6 drones (modified FP-1s) were used against the Omsk refinery the day before,” Zelensky wrote on X.

Trump’s election pause, Iran’s endurance, and the oil shock that refuses to go away

By Nick Guarino | Opinion & Analysis | October 9, 2026

1.A promise with an expiration date

Is President Donald Trump’s pledge not to attack Iran before the November 3 midterm elections a genuine opening for diplomacy, an election-season maneuver, or a calculated attempt to lull Tehran into complacency? The evidence does not establish a deception or a false-flag operation. But the promise raises a more consequential question: what happens on November 4?

In an October 8 Truth Social statement quoted by Reuters and the Associated Press, Trump said the United States would not attack Iran before the midterms and described talks with Tehran as productive. He also said the U.S. naval blockade of Iranian ports would remain in effect. A pause in American offensive strikes is not a ceasefire, and it is not an agreement to reopen the Strait of Hormuz.

2.The reporting: a pause, not a peace

Reuters reported that Washington and Tehran have exchanged proposals to end the conflict and reopen the strait, but that Trump rejected Iran’s latest offer. The dispute over uranium enrichment remains fundamental: Iranian state media said Tehran would not abandon enrichment or surrender its uranium stockpile, while Vice President JD Vance had demanded meaningful reductions in enrichment capacity. These positions leave a wide negotiating gap.

The Associated Press reported that indirect talks continued through special envoy Steve Witkoff, even as U.S. naval reinforcements were headed toward the region. AP said a third aircraft carrier, the USS Theodore Roosevelt, and accompanying forces could arrive by late October. Military preparations can strengthen diplomatic leverage; they can also preserve the option of renewed attacks immediately after the election.

Reuters cited a Reuters/Ipsos poll indicating that roughly 60 percent of Americans disapproved of Trump’s handling of Iran. Higher gasoline and diesel costs have added to voter anxiety about affordability. That creates a powerful political incentive to lower the temperature before November 3, regardless of whether a durable settlement is within reach. The currency of politicians seeking to win elections is promises.

3.Hormuz: more barrels, more danger

The latest Bloomberg report put December Brent at $102.94 and November WTI at $90.37 during Friday trading in Singapore, after oil retreated on Trump’s latest statement. Trump claimed that 22 million barrels passed through Hormuz in a single night; Bloomberg noted that this exceeded recent industry estimates and did not come with supporting details.

Higher crude exports do not mean that the shipping corridor has become safe. According to AP reporting, some tanker operators were charging $1 million a day or more to run the route under military protection. Bloomberg said freight costs for moving Gulf crude to East Asia had risen to more than six times their prewar level. UK Maritime Trade Operations reported a strike north of Qatar, while other maritime-security reporting described repeated attacks around Hormuz. The precise number and circumstances of incidents require case-by-case confirmation.

The market must also distinguish crude oil from refined fuels and liquefied natural gas. A recovered flow of crude cannot instantly replace damaged refinery capacity, interrupted fuel-product shipments, or constrained LNG transport. Those bottlenecks can keep diesel, jet fuel, and other essential products expensive even when headline crude exports improve.

4.Three ways the waiting game could end

First, the tactical-deception scenario: Washington could use its public promise not to attack before the elections to encourage Iranian complacency while preserving military options. The risk of surprise escalation persists, but there is no demonstrated basis to call Trump’s announcement a false flag. The proof can only be found if there is no attack before the elections. That remains to be seen.

Second, the post-election offensive: U.S. and Israeli forces could undertake a major campaign against military infrastructure, weapons production, transportation networks, or energy-related assets. Such a campaign might aim to reduce Iran’s ability to threaten shipping and force concessions. Yet attacks on oil infrastructure could themselves deepen the supply shock. The scale, targets, and likelihood of such operations remain uncertain.

Third, and in this writer’s judgment the more plausible path, a prolonged coercive standoff: Washington uses the threat of force and the blockade to press Tehran into negotiations, while Iran resists concessions it considers existential. Talks drag on, occasional attacks continue, and each side believes time is working in its favor. That is not peace. It is a war conducted partly through bargaining and partly through the price of energy.

5.The great miscalculation: Iran may endure

A strategy premised on imminent Iranian collapse could fail. Even severe damage to military facilities does not necessarily destroy a government’s capacity to command its security forces or threaten commercial vessels. Outside support from Russia and China may improve Tehran’s resilience. The extent and operational has been verified by satellite tracking of shipments from China and Russia into Iran. Often times via overland supply lines.

Iran does not need to stop every tanker to maintain a risk premium and control. The credible possibility of mines, drones, missiles, or repeated harassment can deter shipowners, raise insurance and freight costs, and complicate the flow of refined products. In this contest, survival alone can be a form of leverage. And survive is Iran’s strongest claim to success. It has doubled oil prices and affected the global economy in a profound way,

6.The other shocks nobody can afford

The Middle East is not the only source of energy supply risk. Ukrainian drone strikes on Russian refineries and other energy infrastructure add pressure to fuel-product availability, although the actual impact depends on the duration of outages, repairs, and rerouting. Russia’s largest refinery deep in the Siberian wasteland demonstrates that no target is safe from Ukraine drones. Reports of possible hurricane-related Gulf of Mexico production shutdowns introduce another variable: offshore production can be interrupted even if the most important coastal refineries avoid direct damage.

The National Hurricane Center and federal production updates described Hurricane Isaias as threatening the U.S. Gulf Coast and cited the possibility that approximately 1.3 million barrels a day of temporarily shut-in offshore production. The broader vulnerability is clear: the world has little room for simultaneous disruptions in crude extraction, refining, and maritime transport.

7.The price of waiting

Oil near $100 is already an economic and political event. A move toward $150 is a serious upside-risk scenario. It would require a continued deterioration in effective supply, shipping access, inventories, or market confidence. Conversely, a verifiable ceasefire, restored tanker passage, repaired refineries, or additional supply could pull prices lower.

The critical point we have often made is that a pause in U.S. bombing does not repair a refinery, make a ship insurable, resolve the nuclear dispute, or restore trust between adversaries. It does not guarantee the safe movement of diesel or LNG. Nor does the election calendar settle the strategic question of whether Iran can continue to govern and contest control of Hormuz.

8.After November 3

For the next three weeks, Washington can say it is giving diplomacy a chance. Tehran can use the interval to continue restocking its munitions with a little help from its friends. Preserve its forces and increase its bargaining power. Traders can try to separate physical supply from political theater. But when the ballots are counted, the unresolved fundamentals remain: a blockade, a contested strait, fragile refining capacity, a widening regional conflict, and adversaries who do not trust one another.

That is the waiting game. The danger is not simply that somebody attacks before the election. It is that everyone waits for the election—and mistakes the absence of a new strike for the arrival of peace.

9.Source and verification notes

Reporting incorporated from material supplied for this editorial: Reuters, October 8, 2026 (Trump’s announcement, negotiations, Reuters/Ipsos polling); Associated Press, October 8, 2026 (diplomacy, blockade, carrier deployments and shipping); Bloomberg, October 9, 2026 (oil prices, tanker freight, Gulf production shutdowns); UKMTO/JMIC maritime incident reporting; and the supplied DX Feeds price compilation. Interpretations and scenarios are the author’s opinion.

The Ukrainian General Staff of the Armed Forces confirmed its attack on an oil refinery in Siberia on Thursday. The Omsk refinery is one of the “most powerful oil refining enterprises in Russia,” the General Staff noted, stressing that the facility processes more than 21 million tons of oil per year.

More to come…

Yemen’s Houthi movement claimed that its armed forces successfully targeted King Khalid International Airport in Riyadh with a ballistic missile, according to the spokesperson Yahya Saree (pictured). The strike “accurately struck its target and disrupted airport operations,” Saree wrote. He also warned airlines “against continuing to operate flights in Saudi airspace, as it has become a theater of our military operations, with the exception of the airspace over the holy cities of Mecca and Medina.” This follows an earlier report of missile strikes on Saudi military sites, which the group claimed killed or injured dozens of troops and set weapons depots on fire.

 Oil extends gains, up 3.5% as supply concerns mount

Oil prices extended gains on Thursday as markets weighed the prospect of renewed large-scale US military operations against Iran after The Atlantic reported that US President Donald Trump and his national security team have discussed possible strikes in the upcoming weeks, including potential military actions before next month’s midterm elections. In the Middle East, tanker attacks in the Strait of Hormuz continue to threaten supply, and Iran-backed Houthis have also targeted sites in Saudi Arabia, prompting further strikes by the Riyadh-led coalition. Meanwhile, producers in the Gulf of Mexico shut in more than 510,000 barrels per day of crude output, about a quarter of regional production, due to Hurricane Isaias.

WTI for November delivery increased by 3.55% at 3:10 am ET to $91.39 per barrel. At the same time, Brent for December shipments jumped by 3.85% to $103.98 per barrel.

Two Elections. One Energy Crisis. And a Dangerous Bet That Iran Will Break.

By Nick Guarino | OPINION | October 8, 2026

Two elections, two governments, and one increasingly dangerous wager on the price of energy. In Washington and Jerusalem, political leaders face the consequences of a war that has already transformed the oil market. In Tehran, decision-makers believe that keeping pressure on shipping can change the negotiating environment after voters have spoken.

Everybody may think time is on their side. My fear is that time is running out for the people who buy gasoline, diesel, heat their homes, and pay to move food and freight.

1.Two Elections, Opposite Bets

The United States faces its November midterm elections, with control of Congress and now even the House at stake. Israel faces its own electoral politics. Between the liberals and conservatives. The Israeli elections are coning right before the US elections.

October 27th is the Israeli election. U.S. midterms are Tuesday, November 3rd, so exactly one week apart.

Tehran may has calculated that an oil shock will erode support for hard-line policies in both countries and improve its bargaining position. Conversely, Both Israeli opponents and US liberal Democrats favor a immediate cease fire and give Iran whatever it want to start oil flows again.

Iran and Israel and the U.S.A are all placing big bets on the outcome both of the war and the elections. Either way it goes it is our firm belief that oil will soar in pric.

Leaders in power in Washington and Jerusalem are hoping for a rally-around-the-flag response to a expanded military confrontation occurring right before the elections.

The next 3 weeks are critical.

. Those are competing hypotheses about political incentives and outcomes.

And both calculations could be wrong. An electorate can rally to its leaders in the first days of a crisis and punish them later for the bill. One thing all the politicians understand. The voting public has a short memory and always vote their vesteed interests.

2.The Strait Is The Most Contested Waterway in the World

Recent reporting supplied for this article describes renewed attacks on commercial tankers around the Strait of Hormuz, including an incident north of Qatar, and heightened maritime-security warnings. And increased US and Israel preparations for war. These reports need final incident-level verification before publication, but the strategic problem is clear: a tanker route is not safe merely because some ships get through.

Insurers, shipowners, captains, and cargo buyers are up at night sweating the risks and loses they may incur. Even intermittent strikes can raise freight costs, reduce traffic, and disrupt delivery schedules. A reopening announcement cannot compel commercial ships to sail. As you are seeing oil prices are responing Crude has soared from $77 a barrel in Augt to $103 today.

3.The Great Miscalculation: What If Iran Does Not Collapse?

What if the assumption behind the military campaign is that Iran is one more round of strikes away from political collapse and military collasp? What if that assumption is mistaken?

Military degradation and regime collapse are not the same thing. Neither is the destruction of major bases equivalent to the elimination of mobile missiles, drones, mines, and other means of harassing shipping. Iran need not defeat an opposing military outright to impose heavy costs on international commerce.

Chinese and Russian relationships may affect Iran’s endurance, but the scope of any present material support has been well documented. Claims of destroyed American bases have slowly been proven correct. And claims of an Iranian collapse has still not occoureed. As witnessed by the continuing attacks on US military assets in the gulf, Constant attacks on s. cargo ship Amd Gluf oil states asstes like refineries and pipeline going up in smoke.

My wager is that Iran could survive substantial additional pressure while retaining the ability to menace the strait. That would make the hoped-for quick restoration of normal energy flows a dangerous planning assumption. And one we are not buying into.

4.The Emergency Barrel Is Not a New Barrel

The International Energy Agency statement supplied for this story says approximately 325 million barrels of oil had been released under the March 2026 collective action and that completing previously pledged releases would bring roughly another 100 million barrels to market. It also says members prioritized diesel stocks. 400 million of barrels of oil suppiled to the markek. Net result = Oil and diesel prices more than doubled.

That is an enormous intervention, not a “minuscule” one. But unfortunately government have shot their wad. it is a temporary fix. Emergency oil inventories releases are finite. As you are seeing they run out. Its not a permanent increase in production or refinery capacity. The figures show that strategic reserves are nearly exhausted; total remaining stocks and release constraints clearly show Emergence oil reserves are just about gone. And Iran damn near knows this. It heightens their will to continue to hang on just a little longe

5.The Other Front: Russian Refiners and Global Gas

Verified continued Ukrainian attacks on Russian refining infrastructure add another pressure point. Damage, repair timelines, export restrictions, and the actual loss of saleable refined products—not simply the number of reported strikes—determine the market impact.

Liquefied natural gas adds a separate vulnerability. The source material supplied LNG departures through Hormuz still more than 75 percent below prewar levels despite some rebound. And before the Ukraine Russian invasion Russia suppled over 70% of European natural gas. LNG is not interchangeable with diesel, but competition for scarce energy can transmit price shocks across electricity, heating, manufacturing, and transport.

6.My $150 Oil Forecast

Brent oil quoted at over $103.00 per barrel and WTI at $91.00 early Thursday.

I believe $150 Brent is a plausible severe-disruption scenario if attacks persist, commercial transit remains impaired, refineries stay constrained, and dwindling emergency releases fail to bridge the gap. A ceasefire, safer transit, weaker demand, or restored supply could move prices in the other direction.

Rationing of diesel, gasoline, or heating oil is likewise a risk scenario. Governments have options before formal rationing, including targeted releases, demand-management appeals, and prioritizing essential services. But as the disruptions continue Governments could be forced to make decisions that would have seemed unthinkable only months ago.

7.Twice as Nice—Until the Bill Arrives

Iran may be betting on political fatigue. Its adversaries may be betting on political unity. The voters may be thinking about neither strategy when they pay their energy and heating bills.

Two elections may decide who holds power. They will not, by themselves, restore a refinery, replenish a strategic stockpile, or make a hazardous sea lane safe. And certanielly supply more badly needed oil.

That is the danger in treating an energy war as an election-season contest: whoever wins the political wager people still inherit the economic loss.

Their is money in those oil barrels

8.Source Notes and Publication Checks

• IEA statement supplied by author, October 2026: approximately 325 million barrels released; approximately 100 million pledged and unreleased; diesel prioritized. Confirm against the original IEA release.

• Breaking the News market report supplied by author, October 8, 2026: Brent $103.98; WTI $91.39; reported military and weather developments. Verify timestamps and hurricane claims independently.

• UK Maritime Trade Operations recent incidents: https://www.ukmto.org/recent-incidents

• Reuters tanker attack report, October 7, 2026: https://www.reuters.com/world/middle-east/attacks-tankers-hormuz-hit-highest-any-week-since-start-iran-war-sources-say-2026-10-07/

• Bloomberg LNG reporting: https://www.bloomberg.com/news/articles/2026-10-05/lng-trade-through-hormuz-extends-rebound-despite-shipping-risks

The International Energy Agency (IEA) released a statement on Wednesday following a meeting, revealing that Member governments supported “accelerating the oil stock releases announced in the Collective Action of March 2026 with a view to completing them as soon as possible.” Furthermore, the members also agreed that the release of diesel stocks should be prioritized given the current market situation, while hailing the Group of Seven’s (G7) recent statement on global energy security and market stability. “To date, approximately 325 million barrels of oil have been released under the March 2026 Collective Action … The full release of all the stocks that had been pledged but have not yet been released would bring approximately 100 million barrels to the market,” the IEA detailed.

NN: Another publicity stunt. This  does not come close to replacing the missing oil

Yield on the 30-year US Treasury bond reached a new high level since 2002 on Monday as investors digested the latest report by the ISM, which showed that services sector activity expanded in September, albeit at a slower pace, which could convince the Federal Reserve to keep interest rates higher. Data revealed a sharp rise in prices paid by businesses, with the Price Index clocking in at 74%, making it the highest figure since July 2022, seemingly raising concern that inflationary pressures might be growing. The Federal Reserve will share minutes from its policy meeting this week that could give a clearer insight into its decision to raise interest rates by a quarter of a percentage point last month.

The yield on the 30-year bond jumped 6.2 basis points to 5.691%. The return on the 10-year Treasury note increased 6.0 basis points to 5.337%. The yield on the 2-year bond added 2.5 basis points to 4.850%.

NN: Hopefully we will soon get our next average point on our strips. At least 50 bases points higher. Please  note if you go into our bond info page the quotes are updated daily. As our the charts and our bond calculator is working.