S&P equity futures remain well below Friday’s close. Asian markets mostly weaker overnight though China’s Shanghai Composite bucked the trend. European markets are down over 1%. Treasuries under pressure with the curve bear flattening. Two-year yields above 1% for first time since 2020. Dollar a bit firmer on the major crosses. Gold down 0.3%. Bitcoin futures up 0.6%. WTI crude up 1.7% on latest Middle East tensions after rallying more than 6% last week for its fourth straight weekly gain.

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