Market Briefing
Utilities lead broad advance as rate expectations steady
Defensive sectors outperformed for a second session, with utilities and consumer staples accounting for the largest share of index gains ahead of this week's inflation print.
Two-year yields hold range as auction demand firms
Indirect bidding improved from last month's soft result, though dealers retained a larger share of the offering than the recent average.
Copper steadies after inventory draw surprises analysts
Warehouse receipts fell for a fourth consecutive week, tightening nearby spreads and reviving discussion of seasonal demand strength.
Quant desks trim factor crowding into quarter-end
Positions concentrated in momentum and low-volatility factors were reduced modestly, per prime brokerage flow summaries.