Good Tuesday morning,
Markets a bit more cautious today after yesterday's Risk On Monday- Today awaiting Quarles speaking,
Brexit (Johnson sends letter to Tusk said a Brexit deal could still happen if EU gets rid of 'unviable' Irish backstop/He meets with Merkel & Macron this week), Possible early elections in Italy, HK (US VP Pence said a china trade deal will be difficult if there is violence in HK), etc.
We begin with stocks in Asia mixed ! European stocks slightly positive ! U.S futures FLAT-Dow rose +249 yesterday, S&P/Nasdaq rose +1.2/1.3% ! USD holding close to 2019 high ! Treasury yields falling a little today after rising 5-7bp yesterday (Rosengren the hawkish dissenter spoke pushing back on further cuts)/2yr 1.52%-10yr 1.565%-30yr 2.045%, 3mo-10yr inverted -35bp; Oil rising slightly to $56.30 area ! Gold also rising to $1,503-1,504 ! LIBOR 1mo barely ose, and 3mo to 1yr all fell slightly !