Daily Market Commentary

July 6, 2020

Treasuries breached their Asia-session lows on heavy volume in futures, led by long end, steepening the curve. Catalyst unclear as S&P 500 E-minis remain near highs of the day.

The minutes of the Federal Open Market Committee's June 9-10 meeting, released July 1, showed "a number" of policy makers favor tying future moves for interest rates and asset purchases to inflation.

U.S. stocks jumped, with tech shares leading the way, as a huge rally in Chinese markets pushed a global equity benchmark toward a one-month high.

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