Morning Juice – US Session Prep (13th July)

Sentiment
Treasury two-year yields climbed to their highest level since early 2025 as renewed tensions in Iran lifted oil prices before paring the move. The dollar erased an early gain as traders assessed whether Middle East tensions will have a similar impact as earlier this year, boosting expectations that the Federal Reserve may need to raise rates to contain energy-driven inflation.

Speaker & Events
12:30 ET
Fed’s Waller speaks at the NY Association of Business Economics. Text: Yes Q&A: Yes with moderator

12:45 ET
ECB’s Schnabel gives keynote remarks and participates in panel discussion at Annual Economic Reception. Slides will be made available on the ECB’s website.

14:00 ET
BoE’s Pill speaks at International Finance and Banking Society conference hosted by Bayes Business School. No text expected. Q&A expected