Ho-Hum Market Reaction To U.S.-China Agreement: U.S. CPI And 10-Year Note Auction Next Up

Summary

• The dollar is mostly a little firmer against the G10 currencies, though the euro and Swiss franc are notable exceptions, but barely.
• Europe's Stoxx 600 is slightly firmer after posting small losses for the past two sessions.
• Benchmark 10-year yields are 2-3 bps firmer in Europe, though the UK Gilt, which outperformed yesterday on disappointing labor market developments, is underperforming today, with a 6 bps increase.

MarsYu

Overview

The dollar is mostly a little firmer against the G10 currencies, though the euro and Swiss franc are notable exceptions, but barely. US and Chinese negotiators have reportedly reached a joint understanding of the Geneva Agreement, but the impact on the