US bonds are not dead.

A week marked by a new slowdown in US inflation and a solid primary market for US Treasuries, which somewhat alleviates concerns about American federal debt, with yields movements becoming more correlated again with Fed expectations. Consolidation and caution are prevalent in the equity market, with a moderate return of implied volatility, indicating that investors are gradually getting accustomed to the uncertainty fueled by US political risk. This could risk indulgence that may be penalized during the summer break. W e would like to inform you that the Market Weekly news will cease publication on June 27. We will, of course, keep you updated on economic and financial news through other channels. Finally, note that we will have our Natixis CIB Research usual mid-year Outlook on Tuesday, June 24, 2025 . Two TEAMS live sessions will be available: a  French session (from 9:00 am to 10:15 am CEST) and  an  English session from 2:00 to 3:15 pm (CEST). Please save the date and join us  The Natixis CIB Research Team