A US official denied that the US had resumed escorting ships and renewed “Operation Freedom” in the Strait of Hormuz, contrary to a WSJ report, i24NEWS reports

European Closes: Euro Stoxx 50 -1.21% at 6,063, Dax 40 -0.84% at 25,180, FTSE 100 +0.26% at 10,493, CAC 40 -1.03% at 8,173, FTSE MIB -0.60% at 49,922, IBEX 35 -0.47% at 18,300, PSI -0.31% at 9,196, SMI +0.22% at 13,533, AEX -1.05% at 1,042

Bloomberg estimates US Treasury duration extension of 0.1yrs for 1st June

A US official denied that the US had resumed escorting ships and renewed “Operation Freedom” in the Strait of Hormuz, contrary to a WSJ report, i24NEWS reports

Wall Street banks are lobbying the Federal Reserve to formalise its supervisory pullback to prevent reversal by future administrations, Reuters reports

US to sell USD 69bln 17wk bills on May 27th, USD 85bln 4wk bills on May 28th, and USD 80bln 8wk bills on May 28th; all to settle on June 2nd