tybs
BERRY12 USAF Rivet Joint off Pacific coast of Nicaragua and El Salvador-from Lincoln Muni Airport, NE
Keepin an eye on all dat slithering around...
The Rivet Joint's modifications are primarily related to its on-board sensor suite, which allows the mission crew to detect, identify and geolocate signals throughout the electromagnetic spectrum. The mission crew can then forward gathered information in a variety of formats to a wide range of consumers via Rivet Joint's extensive communications suite. The interior seats more than 30 people, including the cockpit crew, electronic warfare officers, intelligence operators and in-flight maintenance technicians. The Rivet Joint fleet was re-engined with CFM-56 engines with an upgraded flight deck instrumentation and navigational systems to FAA/ICAO standards. These standards include conversion from analog readouts to a digital "glass cockpit" configuration. All Rivet Joint airframe and mission systems modifications are overseen by L-3 Communications (previously Raytheon), under the oversight of Air Force Materiel Command.
https://www.af.mil/About-Us/Fact-Sheets/Display/Article/104608/rc-135vw-rivet-joint/
Top Banker Quits Italy State Bank as Mario Draghi Revamps Leadership
Bank of America Corp. is hiring top investment banker Vito Lo Piccolo, who’ll leave Italy’s Cassa Depositi e Prestiti SpA just as the state-backed lender revamps its strategy under new leadership chosen by Prime Minister Mario Draghi.
Lo Piccolo, 46, will join BofA to strengthen its investment banking division, people with knowledge of the matter said. He will be named senior managing director with responsibility for Italian capital markets, the people said, asking to not be named because the process is private. The decision to leave the Italian lender was taken in April, according to some of the people.
The banker will be based in Milan and report to country head Antonino Mattarella. Representatives for BofA and Cassa Depositi declined to comment.
Over the last two years, Cassa Depositi has increased its influence over strategic sectors including telecommunications, transportation and exchange management. It expanded its stake in Telecom Italia SpA, engineered the sale of stock-exchange manager Borsa Italiana, and became the largest shareholder in digital payments giant Nexi SpA.
With 512 billion euros ($623 billion) in assets, Rome-based Cassa Depositi is bigger than most of Italy’s banks and has significant stakes in many of the country’s largest companies. Last month Draghi named Dario Scannapieco to run the state-backed lender, putting a long-time ally into one of Italy’s highest-profile corporate posts and paving the way for a significant policy shift at the firm.
Lo Piccolo started his career at Merrill Lynch in 1998 in London, where he worked with UniCredit CEO Andrea Orcel. He joined Cassa Depositi in 2019, having previously worked at Deutsche Bank AG and Citigroup Inc. The banker graduated from Bocconi University with a degree in Economics and Business Legislation.
He’ll replace Gianluca Iuliano, who left Bank of America in August to join Fininvest SpA, the family investment company of ex-Premier Silvio Berlusconi.
https://www.bnnbloomberg.ca/top-banker-quits-italy-state-bank-as-mario-draghi-revamps-leadership-1.1614236
Myanmar coup latest: China's friendship unchanged by 'internal' affairs
Southeast violence drives 100,000 people from homes: UN
Tuesday, June 8
9:20 p.m. Worsening conditions in southeastern Myanmar have driven tens of thousands of people from their homes, the United Nations office in the country says. "Recent violence in Kayah state, including indiscriminate attacks by security forces against civilian areas, has led to the internal displacement of an estimated 100,000 men, women and children," according to a statement. "Many of them are currently seeking safety in host communities and forests across Kayah and southern parts of neighboring Shan state," the statement adds. "This crisis could push people across international borders seeking safety, as already seen in other parts of the country." The U.N. urges security forces "to allow safe passage of humanitarian supplies and personnel" and allow direct relief assistance.
9:00 p.m. China's friendly policy toward Myanmar is not affected by changes in circumstances internal or external to the latter, Chinese Foreign Minister Wang Yi tells counterpart Wunna Maung Lwin. Wang says China supports all parties in Myanmar to resolve their differences through political dialogue, according to a statement from the Chinese Ministry of Foreign Affairs. Wunna Maung Lwin says Myanmar is committed to maintaining national stability and social tranquility, the statement says. Their talks in Chongqing come the day after Wang's meeting with foreign ministers from Association of Southeast Asian Nations members, during which the Myanmar crisis was discussed. At that meeting, Wang said China is willing to continue to work with ASEAN to jointly urge all parties in Myanmar to put the interests of the people first, and keep calm to eliminate all kinds of violence, according to a separate Foreign Ministry statement.
11:00 a.m. The lower house of Japan's parliament passes a resolution condemning the Myanmar military's takeover. "The coup by the Myanmar Armed Forces on Feb. 1 is a trampling of democratization efforts and expectations," it says, stating that the current regime's legitimacy "cannot be recognized at all."
9:00 a.m. Myanmar's junta, the State Administration Council, will discuss changing the country's financial year, the state-run Global New Light of Myanmar reports. This would follow a 2018 switch by the National League for Democracy government, to an October-September year rather than April-March. The junta's leader, Senior Gen. Min Aung Hlaing, said during a council speech on Monday that the change had inconvenienced the government, businesses and farmers.
Monday, June 7
8:00 p.m. Foreign ministers from the 10 Association of Southeast Asian Nations members have met with their Chinese counterpart Wang Yi in Chongqing to discuss regional matters, including the ongoing turmoil in Myanmar. ASEAN has reached out to China for support on implementing a five-point consensus to resolve the Myanmar crisis. This marks the first meeting of the foreign ministers in over a year, and the junta's foreign minister, Wunna Maung Lwin, also attended, according to Global New Light of Myanmar, a state-owned newspaper.
4:30 p.m. A Myanmar court will hear prosecutor's witnesses from June 14, the lawyer of ousted leader Aung San Suu Kyi told media in Naypyitaw after a special court hearing on Monday. The hearing will continue until June 28, after which the defendant's witnesses will be called and heard until July 26, the lawyer said, adding that the court was likely to pass a sentence by mid-August. The lawyer also said that Suu Kyi was now where she was moved before the previous court hearing on May 24, although neither she nor the lawyer were told of the location.
2:50 p.m. A special court hearing against ousted leader Aung San Suu Kyi was held in Naypyitaw. The court has arranged all cases against Suu Kyi to be judged within 180 days starting from the date of the filing of each case at the court, ending by August. The trial will be held every week on Monday and Tuesday starting from next week. Suu Kyi was allowed to meet with her lawyers in person for the second time since the military arrested her in the Feb. 1 coup.
https://asia.nikkei.com/Spotlight/Myanmar-Coup/Myanmar-coup-latest-China-s-friendship-unchanged-by-internal-affairs
Stellar 3Y Auction Sees Surge In Foreign Demand
We start another week of Treasury auctions with today's 1pm sale of $58BN in 3Y bonds and it was nothing short of a whopper.
With a high yield of 0.325%, this was the 2nd consecutive 3Y auction where the yield has declined (down from 0.329% in May and 0.376% in April). The reason for this: investors increasingly have to shift further out on the curve to park "safe" securities now that short-term funding markets are at or near zero. The auction also stopped through the When Issued 0.326% by 0.1bps, a rebound to last month's 0.2bps tail.
The Bid to Cover jumped from 2.422 in May to 2.467, the highest since March and above the 6-auction average of 2.436.
But it was the internals where the demand for today's paper truly shone as Indirects rushed to get as much as they could, and were allotted 54.2%, a big jump from last month's 49.6% and the highest since October 2020. And with Directs of 18.3% practically unchanged from 18.1% last month, this left Dealers holding on to just 27.6% of the final takedown, the lowest since December 2019 when Dealers were awarded just 27.1%.
Overall, a blockbuster of an auction...and the last thing record bond shorts needed as they debate whether to keep holding on to underwater positions ahead of Thursday's CPI print or to book losses and dump it. And with that attention now shifts to tomorrow's 10Y benchmark offering, and certainly to Thursday's 30Y sale which will come just hours after what is expected to be another blowout inflation print.
https://www.zerohedge.com/markets/stellar-3y-auction-sees-surge-foreign-demand
wait until they get to the short end issues
'''Federal Reserve Bank of NY Reverse Repo: $497.42B-June 8th,2021
Another record but falling short of the $500B mark.
Eclipses yesterdays amount by $11.33B
https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000
>>60787 pb FRBNY Reverse Repo for today and record high amount: $486.09B