TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 4+ TICKS LOWER 111-03

The Treasury wrap indicates that T-note futures settled lower, suggesting a cautious sentiment among investors. This decline could reflect weakening demand for safe-haven assets amid geopolitical tensions, notably involving Iran and Israel, which may be impacting overall risk appetite. Additionally, this movement in fixed income could signal potential implications for rates as market participants weigh the balance between inflation concerns and central bank policy outlooks.