June EU 108 calls are at the floor so if you have a Warren Buffet type approach of buy when everyone else is selling this would be a place worth considering in spot. Other internals which are not options are bid slightly but with outside contracts not so sure so it is a hesitant bid for spot here at 0720.
US 10 YEAR BOND YIELD – PRICE IS INVERSE WITH YIELDS
As seen on this chart, bond is falling in price and yield is rising.
10-year 4.479%, +13.6bps
As I noted, FX is following with the dollar firmer
USDJPY extending its high, USDCHF extending its high above .90
EURUSD easing but gaps (1.074 and 1.0714)yet to be filled.
US equities are following lower as well.
A look at the day ahead in U.S. and global markets from Mike Dolan
An event-packed but shortened week stateside kicks off the second half of 2024, with European markets rallying on Monday as the first round of French assembly elections points to a hung parliament and policy gridlock.
Morning Bid: Second half of 2024 kicks off, markets bet on French gridlock
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