US Stock Futures Slide as Iran Conflict Escalates Ahead of Key Q2 Earnings Week 
Wall Street Rises as SK Hynix’s Record Nasdaq Debut Steals Spotlight Ahead of U.S. CPI Data 
Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
Trump, Canada Reach Gordie Howe Bridge Deal Ahead of July 27 Opening 
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain 
Asian Stocks Rise as AI Chip Rally Offsets Middle East Tensions 
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
Gold Price Climbs Over 1% as Dollar Weakens, Fed Rate Debate and Iran Tensions Remain in Focus 
US Stock Futures Steady as Oil Prices Ease, Iran Talks Boost Market Sentiment 
Gold Prices Slip as U.S.-Iran Conflict, Fed Rate Hike Bets Pressure Precious Metals 
US-Iran Strikes Escalate as Strait of Hormuz Crisis Pushes Oil Prices Higher 
The U.S. 10-year Treasury yields surged to nearly 2-month high Wednesday, following a speech from Federal Reserve Chair Janet Yellen yesterday, where she kept hopes alive for a further rate cut this year in December.
Also, investors await the 5-year auction, besides the Federal Open Market Committee (FOMC) members speeches, scheduled to be held today by 17:00GMT and 17:30GMT respectively. Also, the country’s President Donald Trump will make a keynote speech later today.
The yield on the benchmark 10-year Treasury climbed nearly 6 basis points to 2.29 percent, the super-long 30-year bond yields 5-1/2 basis points up at 2.82 percent and the yield on short-term 2-year note traded 1-1/2 basis points higher at 1.47 percent by 10:35GMT.
Speaking about the uncertain inflation outlook and implications for monetary policy in a keynote speech at the NABE meeting in Cleveland on Tuesday, the Fed Chair stressed that there are risks surrounding persistently easy policy and thus, “it would be imprudent to keep monetary policy on hold until inflation is back to 2 percent”.
In reaction to an upward shift in short-term Fed rate hike expectations following Janet Yellen’s hawkish tone, UST yields moved higher and the USD was firmer across the board. Looking at the remainder of the day, the focus is on a tax plan expected to be unveiled by the Treasury Department and Republicans before Congress.
Later today, preliminary US durable goods data for August as well as pending home sales figures for the same month are due. In the bond markets, the Treasury will sell 5-year notes and 2-year FRNs.
Meanwhile, the S&P 500 Futures traded 0.09 percent higher at 2,497.88 by 10:40GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 44.37 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
