{podcast} US equity markets have begun the new week on the back foot with a clear lack of conviction. Meanwhile core yields have pushed higher not helped by soft auctions on both side the Atlantic, 10y UST yields now trade at 3.20%. The USD is mixed, losing a bit ground against EU currencies but edging a bit higher against pro-growth/risks sensitive pairs, AUD and NZD are down ~0.3%, relative to levels this time yesterday. Oil prices trade higher amid output concerns and no news on price cap. After solid gains last week, overnight US equities traded in and out of positive territory before ending the day with small ... (full story)