President Trump on Iran said we must finish it, but the question is how to finish it.

US 3-year Treasury yield showed little reaction to the 3-year note auction, falling 3.4 bps on the day to 4.927%.

International crude futures fell for a third session as markets grew more optimistic about resumed exports from the Persian Gulf. BankPro CEO Paul Brocado said improving confidence in the near-term supply outlook could push prices lower, but persistent geopolitical risk will cap declines. Brocado said: "Shipping through the Strait of Hormuz remains constrained, while rising tensions in the Red Sea are heightening market concerns. U.S.-Iran talks are currently deadlocked, which means there is no clear path to a full restoration of regional shipping."