The U.S. Treasury building in Washington, D.C., on Saturday, June 3, 2023.
Treasuries slipped and the dollar headed for its first weekly gain this month as traders wrapped up an eventful week, with lingering questions surrounding the U.S. presidential campaign and a major global IT outage.
Traders had built up wagers on Monday fueled by rising odds of a Donald Trump presidential win after an attempted assassination. Those bets have been slowly unraveling, though, as investors refocus on the timing of the Federal Reserve's first interest-rate cut. Global software disruptions on Friday, meanwhile, weighed on demand for riskier assets.
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