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MARKET INSIGHT

The overnight session was relatively subdued compared to the big swings we saw in markets through the European session yesterday. Core fixed income and the dollar have both drifted a little lower but remain well within yesterday's ranges.

  • It's another relatively light calendar for today with the Fed's Williams and Harker the headline speakers and US Conference Board consumer confidence and JOLTS the highlights on the data calendar.
  • Instead, the market will continue to try and find an equilibrium amid some early quarter end rebalancing flows and take some cues from equity and commodity markets.

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