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US TSYS: Poised to Extend Highs, Trump/Zelensky Meet Falters

US TSYS
  • Latest round of risk-off tied to Pres Trump and Zelensky meeting over peace and minerals deal not going as well as hoped.
  • Tsy 10Y revisits early session high of 111-06 (+17.5), with next technical resistance at 111-13 (High Dec 10), curves leaning steeper: 2s10s +2.303 at 22.776, 5s30s +4.693 at 50.123.
  • Bbg US$ index climbs to new session high, +4.36 at 1298.69.
  • Stocks, meanwhile, are trading weaker but off recent session lows, SPX Eminis -3.75 at 5872.50.
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  • Latest round of risk-off tied to Pres Trump and Zelensky meeting over peace and minerals deal not going as well as hoped.
  • Tsy 10Y revisits early session high of 111-06 (+17.5), with next technical resistance at 111-13 (High Dec 10), curves leaning steeper: 2s10s +2.303 at 22.776, 5s30s +4.693 at 50.123.
  • Bbg US$ index climbs to new session high, +4.36 at 1298.69.
  • Stocks, meanwhile, are trading weaker but off recent session lows, SPX Eminis -3.75 at 5872.50.