ECB Council Member Nagel headlines on policy - not particularly market moving:
"LONGER WAR RISKS INFLATION STAYING ELEVATED .. WE STAND READY TO ACT AT ANY TIME .. NO MARKED IMPROVEMENT IN PRICE OUTLOOK ARGUES FOR HIKE .. ECB'S WAIT-AND-SEE APPROACH ISN'T HESITATION," Bbg
US TSYS: Pres Trump on Iran
May-04 16:59
One-off comments from Pres Trump on Fox last coupe minutes: "IRAN WILL BE 'BLOWN OFF' IF ATTACKS US SHIPS" Bbg
Crude rising again, Tsys near lows (TYM6 110-03 vs. -00.5 low) still off earlier highs, US$ near highs (BBG BBDXY +3.32 at 1196.70),
US TSY FUTURES: BLOCK: Jun'26 2Y/5Y Steepener
May-04 16:36
Steepener crossed at 1223:45ET:
+6,600 TUM6 103-12.5 post time bid, DV01 $248,300 vs.
-5,850 FVM6 107-14.75, sell through 107-15.5 post time bid, DV01 $248,700