* US TSY 8W AUCTION: NON-COMP BIDS $1.211 BLN FROM $80.000 BLN TOTAL...
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Link to CNN post here
"Mediators in Pakistan expect to receive a revised proposal from Iran in the next few days to end the war, after US President Donald Trump indicated that he would not accept an earlier version, sources close to the mediation process told CNN"
"The sources said the process is ongoing and fluid, and much will depend on whether Iran comes back with a revised proposal that is more acceptable to the US.
The risk-on reaction to the story was quite contained and fleeting across asset classes - headline fatigue can't be ruled out, with the post not adding much new to the ceasefire debate at this stage.
"*IRAN EXPECTED TO SUBMIT REVISED PEACE PROPOSAL SOON: CNN" Bloomberg