US markets carry a defensive tilt as the dollar holds near a two-month peak and Treasury yields stay elevated ahead of key jobs data, with the bond market bracing for a new era of
US markets carry a defensive tilt as the dollar holds near a two-month peak and Treasury yields stay elevated ahead of key jobs data, with the bond market bracing for a new era of interest rates. Geopolitical friction adds weight, with US forces exiting Iraq, Iran talks resuming indirectly through Qatar, and a ban on nearly a billion dollars of Canadian imports now in effect. Gold lingers near a seven-week low, suggesting safe-haven demand is favoring the currency over bullion, while Saudi crude exports rebounding keeps energy supply worries in check.
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