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Natixis

June 22, 2026

Morning Line Express

Daily UpdateRates Govt BondsCommoditiesEquitiesEnergyFinancials

The Morning Line Express highlights the impact of US-Iran diplomatic progress on global markets, alongside rising European yields and UK fiscal challenges.

Key Takeaways

  • 1.Diplomatic progress between the US and Iran has eased tail risks, driving oil prices lower and influencing market sentiment.
  • 2.European rates show a bear steepening with 10Y Bund yields approaching 3% amid revised ECB rate hike expectations.
  • 3.UK public sector borrowing in May exceeded official forecasts, signaling continued fiscal pressure.

Table of Contents

  • MARKET LINES
  • Rates
  • FX
  • Equities
  • Credit
  • HIGHLIGHTS
  • DAY AHEAD
  • MARKET RECAP
  • INDUSTRY NEWS
  • RESEARCH HIGHLIGHTS
  • RESEARCH LATEST FORECASTS
  • RESEARCH EVENTS

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Securities

10Y BundBrent FuturesCarrefour CDS

Themes

Geopolitical risk mitigation via Iran peace roadmapHawkish monetary policy influenceAI-related investment sector vulnerability

Regions

GlobalMiddle EastEuropeUnited StatesIranUK