Israel official: “The intent is to send a painful message to Iran”

The FT is reporting that an Israeli official commenting on a retaliation attack on Iran:

• The intent is to send a painful message to Iran.
• This cannot be something cosmetic.

Buckle up.

A look around the markets is showing the S&P and NASDAQ index both now in negative territory.

• Dow Industrial Average up 0.22%
• S&P index -0.20%
• NASDAQ index -0.12%.

The small-cap Russell 2000 is getting hit the hardest with a decline of -0.76%.

In the US debt market, yields are steady but still higher:

• 2-year yield 4.948%, +1.1 basis point
• 5-year yield 4.661%, +1.7 basis points
• 10-year yield 4.642%, +1.5 basis points
• 30-year yield 4.753%, +123 basis points

in other markets:

• crude oil prices are now higher by $0.21 or 0.25% at $85.62
• Gold prices are also now higher by $5.74 or 0.24% at $2388.02
• Bitcoin is down on the day at $62,376. The low price over the weekend reached $61,307. The 38.2% retracement of the move up from the 2024 low comes in at $60,314.

This article was written by Greg Michalowski at www.forexlive.com.