Overview
- U.S. forces attacked Venezuela over the weekend, captured President Nicolás Maduro, and flew him and his wife Cilia Flores to New York, according to reports.
- A U.S. federal indictment filed Saturday charges Maduro and Flores with narco-terrorism conspiracy and related crimes.
- President Donald Trump said the U.S. would run Venezuela until a transition, a remark Secretary of State Marco Rubio appeared to temper the next day.
- Treasury yields slipped with the 10-year near 4.17% and the 2-year around 3.46% as oil prices fell and U.S. stock futures rose, led by technology shares.
- Treasuries’ early gains later cooled as corporate bond issuance picked up and crude prices bounced, though rate markets still price two cuts this year and roughly a 25% to 30% chance of a third.