Treasury
3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp 3-MO 3.90% +6bp 6-MO 4.02% +8bp 1-YR 4.15% +11bp 2-YR 4.34% +14bp 3-YR 4.41% +11bp 5-YR 4.48% +10bp 7-YR 4.59% +7bp 10-YR 4.73% +6bp 20-YR 5.21% +3bp 30-YR 5.22% +3bp
US Treasury par yield curve · Aug 28 · Source: U.S. Treasury
Monday, August 31, 2026
U.S. Edition
PS Docket No. 26-184, DA 26-832

The FCC has proposed shutting one American drone company out of importing and selling its own products, and the notice describes the reach of that ban two different ways

A black and white photograph of the top of a communications mast carrying microwave dishes and flat panel antennas, seen against a plain pale sky. No lettering, brand mark, building or person is in the frame. Stock photo
Stock photo. Not the actual scene. Photo: Laura Cleffmann / Pexels

Two paragraphs of the same document say different things about how far this reaches.

The Federal Communications Commission's Public Safety and Homeland Security Bureau and its Office of Engineering and Technology have proposed prohibiting the continued importation and marketing of covered equipment produced by Anzu Robotics, LLC. The Public Notice was released on 10 August and was filed for public inspection at the Federal Register on Friday morning, with publication set for 24 August. Comments close 30 days after that.

The introduction says the prohibition would encompass all covered equipment produced by Anzu Robotics and their affiliates, subsidiaries, and other partners. The scope paragraph, several pages later, proposes to apply it to section 1709 equipment produced by Anzu to include FCC IDs 2BBYS-RAPTOR and 2BBYS-RRC01, and then adds that it would not apply to any other already-authorised covered equipment. A distributor reading the first sentence and a distributor reading the second do not learn the same thing about the stock in the warehouse.

Why an American company sits inside a foreign-equipment rule

The Commission gives two routes, and it hedges the first one itself. Public sources, it says, suggest Anzu devices are produced by an entity that has a technology sharing or licensing agreement with an entity named in section 1709 of the fiscal 2025 defence authorisation. The Commission does not name that entity, and neither does this item.

The second route needs no inference at all. Anzu's aircraft and controllers are made in Malaysia, and in December 2025 the bureau added every uncrewed aircraft system and critical component produced in any foreign country to the Covered List. Place of production alone was enough.

The Enforcement Bureau opened an investigation on 8 May and sent a Letter of Inquiry. Anzu answered on 9 July in a confidential filing, so the company's account of itself is not on the public record. On 3 August the engineering office temporarily deferred the grantee codes, which stops new authorisations rather than existing ones. The proposal filed on Friday is aimed at the existing ones.

The tool is ten months old and this is the third time it has been pointed at somebody

Section 2.939(e) came out of an order the Commission adopted in October 2025. It lets these two offices limit an existing authorisation so that importation and marketing stop, while leaving the authorisation itself standing, which is the difference between stopping the next shipment and reaching into equipment already flying.

The first use covered equipment listed in 2024 or earlier but authorised before the Commission's 2022 national security rules, and it took effect on 16 July. The second, a week later, named nine producers. This one names a single company and two identifiers.

On the economics the Commission is unusually plain about how small it thinks the effect will be. It tentatively concludes there would be no substantial economic or supply chain impact, especially given that the devices in question appear to comprise a very small share of the market, and it supports that with one observation: Anzu does not appear in major industry market analyses or rankings. Then it asks commenters whether they agree, and asks them for data.