Morning Juice – US Session Prep (15th May)

Sentiment
The dollar was on track for its greatest weekly gain in two months, while Treasury yields jumped as investors worldwide sold government assets due to inflation fears.
A broad selloff in bond markets dragged equities down, bringing an abrupt end to the artificial intelligence-fueled bull run that has propelled the S&P 500 from one record high to the next. Investors sold government bonds all over the world, sending borrowing costs to multi-year highs from Japan to the United States amid growing concerns that war-driven inflation may push central banks to raise interest rates. According to persons familiar with the subject, the UAE attempted to encourage neighboring states, particularly Saudi Arabia and Qatar, to participate in a coordinated military response to Iran’s strikes but was frustrated when they refused.
The dollar is on track for its best week in two months as US data showed pricing pressures that could prompt the Federal Reserve to hike interest rates over the next year.

Docket
09:15 ET
US Industrial Production for April
Forecast: 0.3% | Prior: 0.5% | Range: 0.6% / -0.4%

Good luck!