Iran-U.S. Peace Deal Near as Oil Prices Fall and Nuclear Disputes Persist 
European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears 
Saudi Aramco Q1 Profit Jumps 25% as Strait of Hormuz Crisis Reshapes Oil Exports 
Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism 
S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S.-China Beef Trade Deal Hopes Rise Ahead of Trump-Xi Summit 
US Trade Court Blocks Trump’s 10% Global Tariffs 
The U.S. Treasuries jumped during Wednesday’s afternoon session amid a muted trading session that witnessed data of little economic significance. Also, a speech by Federal Reserve President Evans, due later in the day shall add further direction into the bond market.
The yield on the benchmark 10-year Treasury yield slumped 2 basis points to 1.870 percent, the super-long 30-year bond yield also suffered nearly 2 basis points to 2.299 percent and the yield on the short-term 2-year lost 1 basis point to 1.623 percent by 14:00GMT.
On a quiet day for US economic releases, today will just see Fed Governor Brainard speak at an ECB conference in honour of departing Executive Board member Cœuré, Daiwa Capital Markets reported.
Fixed income markets remained supported in early trade today and the GBP extended recent losses on fears over the risk of a no-deal Brexit. Focus today is on Germany’s IFO business climate index for December, Eurobank Economic Analysis & Financial Markets Research reported.
Meanwhile, the S&P 500 Futures remained flat at 3,196.62 by 14:05GMT.
