JEFFERIES global economist Mohit Kumar says the firm has avoided long-dated Treasures since July because it sees no easy exit path to the US-Iran conflict. JEFFERIES’ positioning indicators show market exposures are at extreme levels, making position

2026-09-07

JEFFERIES global economist Mohit Kumar says the firm has avoided long-dated Treasures since July because it sees no easy exit path to the US-Iran conflict. JEFFERIES’ positioning indicators show market exposures are at extreme levels, making positioning the only current support for rates. Kumar warns that if US August CPI prints softer than expected, markets could see a reflexive short-covering ahead of the Fed meeting. US August CPI is due Friday; a Wall Street Journal survey pegs YoY CPI at 3.4%, unchanged from July.

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2026-09-07

Iran will raise the gasoline price for consumers using more than 110 liters per month, effective Tuesday, government spokesman Mohajerani said. First- and second-tier quotas, including the 110‑liter band, will remain unchanged; the third-tier price w

2026-09-07

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