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CROSS ASSET: Risk-Negative Move As Energy Recovery Extends

Ongoing recovery rallies/upside in energy prices, with a resolution to the U.S.-Iran situation not forthcoming (despite yesterday's positive overtures), generating further risk-negative price action in recent trade. * BBDXY trades to fresh session highs, while bonds and equity benchmarks come under pressure. * News of a short-live Russian helicopter incursion into Polish airspace also noted in recent trade.

-Iran situation not forthcoming (despite yesterday's positive overtures), generating further risk-negative price action in recent trade. * BBDXY trades to fresh session highs, while bonds and equity benchmarks come under pressure. * News of a short-live Russian helicopter incursion into Polish airspace also noted in recent trade.