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SPDR Portfolio Intermediate Term Treasury ETF T.ITE


Primary Symbol: SPTI

to provide investment results that before fees and expenses correspond generally to the price and yield performance of an index that tracks the intermediateterm sector of the United States Treasury market In seeking to track the performance of the Bloomberg 3-10 Year U.S. Treasury Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc.


ARCA:SPTI - Post by User

Post by geezer21on May 31, 2022 9:04pm
176 Views
Post# 34721938

Sanctions On Iran Oil Not Coming Off Any Time Soon

Sanctions On Iran Oil Not Coming Off Any Time Soon
https://www.zerohedge.com/geopolitical/take-look-inside-irans-secret-underground-drone-base

Take A Look Inside Iran's Secret Underground Drone Base

by Tyler Durden
Tuesday, May 31, 2022 - 05:45 AM

In a boastful flex of military muscle at a time of increasing tensions, the Iranian army has provided a glimpse inside its new subterranean drone base.  

The facility's specific location wasn't disclosed, but it's said to buried hundreds of meters underground somewhere in the Zagros Mountains, a nearly thousand-mile-long range spanning most of western Iran. 

"Strategic UAV Base 313" was showcased in a Saturday report on Iran state television. The reporter was blindfolded during a 45-minute helicopter flight to the facility.

"No doubt the drones of Islamic Republic of Iran's armed forces are the region's most powerful," said Major General Abdolrahim Mousavi. "Our capability to upgrade drones is unstoppable."

The show of strength comes at a time of rising hostility between Iran and the Israeli and U.S. governments:

  • On May 17, Israeli media reported that the U.S. Air Force would join Israel in a drill simulating a massive attack on Iran's nuclear facilities. 

  • On May 22, Israel assassinated a senior Islamic Revolutionary Guard Corps (IRGC) officer in Tehran.

  • On May 24, the U.S. government—with help from Greece—seized oil from an Iranian oil tanker. On May 27, Iran retaliated by seizing two Greek tankers in the Persian Gulf. 

The Iranian TV segment, which aired Saturday, showed a tunneled facility stocked with an array of unmanned aerial vehicles (UAVs), said to total 100.

Among them, Ababil-5 drones, which were first revealed in an April military display. The displayed Ababil-5 UAVs were fitted with Qaem-9 air-to-surface missiles, which are akin to the U.S. military's Hellfire.  

"The Iranian military is rapidly developing its drone capabilities, and we are also producing new types of UAVs that can carry out all kinds of missions," said Mohammad Bagheri, chief of staff of Iran's armed forces.  

With the broadcast, Iran unveiled two new cruise missiles: the Heidar-1 and Heidar-2. This 1-minute hype video about them is worth watching for the intense drum soundtrack alone:

 

 For a fuller look around the facility, here's the complete Iranian state TV segment:

 

The base is out there somewhere: Iran's Zagros Mountains (via Britannica.com) 
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