Market Highlights

• 10-yr treasury yield crossed above the Rubicon 3% level, technically signifies the end of the 35-year bull market. Refer to our report here, on how high we think yield can go.
• A rise in bond yields can be greeted positively by equity markets when it flags higher growth expectations.
• Geo-political tension remains high as US-China trade negotiating continues to hog headline news. Kim-Trump summit remains an uncertainty.
• Oil broke up higher on new sanction on Iran and possible sanction on the new Venezuela government.