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S/China deputy-level meetings this week may smooth the way for an interim agreement
10-year T-note yield surges by +34 bp

Weekly market focus — The U.S. markets this week will focus on (1) today’s expected surge in oil prices after half of Saudi Arabia’s oil production was shut down on Saturday by a drone attack, (2) expectations for the FOMC at its Tue/Wed meeting to cut rates by -25 bp, (3) whether last week’s surge in T-note yields continues, (4) the Treasury’s sale of $12 billion of 10-year TIPS on Thursday, and (5) earnings reports from four of the S&P 500 companies (FedEx and Adobe on Tuesday, General Mills on Wednesday, and Darden Restaurants on Thursday).

This week’s U.S. economic schedule is…To continue, Visit

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