Price action was broadly steady overnight as oil prices stabilized, with WTI crude up around 0.4% after President Donald Trump threatened Iran with renewed air strikes. Treasury yields cheaper by 1bp to 2bp across the curve, following similar losses for gilts during London session with oil prices edging higher. Uncertainty over the next stage of US-Iran negotiations may also help limit downside pressure on oil prices.” Nonetheless, WTI trades around the top of a USD 79.62-82.28/bbl range vs yesterday’s USD 78.43-81.30/bbl range. That combination of lower oil and stronger growth proved a very supportive backdrop for equities.