As the US stocks open up, the earlier losses and gains have been eroded as the prices of the major indices trade near unchanged. Yields are lower by about two basis points at the front end of the yield curve and near unchanged at the 30 year end. Crude oil is down. Silver and gold are higher and Bitcoin is back below the $80,000 level after declining over the weekend. The price is currently trading at $76,955
Intel, micron, and AMD are back in favor today after declining last week. Michael Saylors MicroStrategy (Strategy) is down sharply on the fall in Bitcoin.
There is continued to headlines from the Middle East. Reuters is reporting:
- US has shown flexibility in ongoing discussions, including over limits to Iran’s nuclear work
- Washington is so far only agreed to unfreeze a 25% of Iran’s funds on a phased timetable.
- Tehran has demanded US to release all funds.
- Iran’s revised proposal demands permanent end to war and lifting the sanctions alongside reopening the straight of Hormuz.
- Iran will discuss his nuclear issue later in stages.
Earlier, Iran agreed to a long-term nuclear freeze instead of a complete dismantling
US stocks trade mixed in an up and down open.
