Market sources say the U.S. Supreme Court has finished drafting the opinion and a ruling in the case involving Fed Governor Cook is expected next week.

U.S. 4-week Treasury auction for the week to June 25: stop-out yield 3.61% vs 3.58% prior.

Boeing China president Lu Yiming said on June 24 he expects the Boeing fleet in China could double over the next 20 years, implying sustained demand for aircraft and components. He said many parts for Boeing’s global fleet are produced in China and that Chinese supply-chain partners contribute unique value to Boeing’s global network. Lu estimated about 250,000 additional aviation workers — including pilots and ground staff — will be needed, and said Boeing has trained hundreds of thousands of aviation professionals in China and will continue to increase investment in local human capital.