A.M. Update

The US dollar index is below 100 ($99.58) and the 30 year yield is above 5% (5.02%). Index futures are down between -0.6% and -1.1%. Gold and WTI crude are threatening breakouts. Japan’s Nikkei (-0.6%) underperformed as longer-dated JGBs extended yesterday’s sharp losses before bouncing. Japan’s government is reportedly willing to accept a tariff reduction…