1 BMO: #Markets are steady this morning with #equityfutures pointing to flat open & #Treasury #yields fading further as the #10-year #yield dips below 4.45%. That comes after the U.S. and Iran reached an agreement that will extend the #ceasefire and open traffic through the #StraitofHormuz #markets
2 BMO: As such, #WTI #oil prices have taken another step down, and start the day just under $79. That's now a $17 retreat since the early-June highs, which has taken some heat out #yields, pared #Fed / #BoC tightening expectations somewhat, and has given another kick to the #equitymarket #markets