TREASURY WRAP: T-NOTE FUTURES (H6) SETTLE 5 TICKS HIGHER AT 111-26+
The settlement of T-note futures higher indicates a potential shift in market sentiment towards safety, likely influenced by broader economic or geopolitical concerns.
US FX WRAP: Dollar weakness persists as Trump takes aim at Canada
Nike (NKE) said to consider cutting 775 employees seeking to automate distribution centres, CNBC reports
TREASURY WRAP: T-NOTE FUTURES (H6) SETTLE 5 TICKS HIGHER AT 111-26+
US President Trump says Iran wants a deal as US "armada" arrives, Axios reports
US official says Washington is "open for business" If Iran wishes to contact them
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This upward movement in prices typically suggests a decline in yields, which could be interpreted as investors increasingly seeking refuge in treasuries ahead of key economic data or policy decisions. Keep an eye on the overall yield curve and any implications for risk sentiment across other asset classes.
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