Morning Note - June 25, 2021

Good Morning!

Futures are up moderately as the major indices are on track for their best week since April (following last week's worse week since January). The 10-yr is struggling to get back above 1.5% and sits at 1.49%.

Banks pass stress test; expect buybacks to spike ~$100bn for the group. Infra deal is reached but significant headwinds to becoming la…