As the North American session gets underway, the US dollar is trading higher while equity markets are mostly firmer.
Chip stocks are helping lead the gains after reports confirmed that Jensen Huang was traveling to China with President Trump and the US delegation
That news has helped lift shares of NVIDIA and supported broader tech sentiment, with Nasdaq futures up around 200 points. S&P futures are higher by roughly 20 points, while Dow futures lag and are lower by 113 points in pre-market trading. US yields are modestly lower ahead of today’s $30 billion US Treasury 30-year bond auction at 1:00 PM ET.
The recent 3-year and 10-year auctions were met with below-average demand, keeping traders focused on whether longer-duration buyers step in today. The 2-year yield is down 0.6 basis points at 3.989%, the 10-year yield is down 0.4 basis points at 4.466%, and the 30-year yield is off 0.1 basis points at 5.028%. Crude oil is trading modestly lower, down $0.25 at $101.87, after reaching a session high of $102.39 and a low of $100.56.