The US May Have Shot Down a Small Hobby Balloon With a Sidewinder Missile

Watch Live: President Trump Addresses The Nation About Iran There has been a lot of conjecture as to what President Trump will say this evening as he addresses the nation (due to begin at 2100ET) amid mixed signals from the administration (mainly Trump appearing to argue with himself), European allies distancing themselves from the conflict (sparking Trump rage at NATO), and concerns about escalation or a prolonged quagmire (did Pezeshkian really sound like he is ready for a ceasefire). Oil has been selling off heading into Trump’s address, with traders looking...

US Futures Drop Ahead Of Payrolls With Most Markets Closed US equity futures dipped ahead of today's payrolls report in a holiday-shortened session, with most cash markets including US stocks closed globally for Good Friday. Sifma, the US financial markets trade association, recommended trading of dollar-denominated bonds during US hours only and a 12pm New York time stop. As of 8:15am, S&P and Nasdaq futures are down 0.2%. Bonds dipped modestly in a holiday-shortened session, the 10Y yield rising 1bp to 4.31%. The dollar was mixed against its Group-of-10 peers. ...