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Bond Markets Are Bullying Japan and the U.K. One Has the Right Defenses
Good morning, I’m filling in for Spencer Jakab. Stocks appear headed for a muted open after yesterday’s strong showing. Another record quarter for Nvidia failed to excite investors, plus there was a slew of news about blockbuster IPOs from SpaceX and OpenAI. Oil prices edged lower after yesterday’s big slide on renewed hopes for an end to the Iran war. Treasury yields are subdued although they remain at elevated levels.
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