Dropping yields and geopolitics set the stage for next week.

The coming week brings a heavy slate of catalysts, starting with an expiring geopolitical ceasefire and ongoing blockades that could keep energy and precious metals heavily in focus. In the U.S., shorter duration Treasury yields enter the week carrying double-digit drops, setting a critical backdrop as the Senate Banking Committee begins hearings for a new Federal Reserve chair. With a potential procedural deadlock looming in Washington, traders will be closely monitoring testimony for signals regarding rate policy independence and market stability. Combined with an acceleration in corporate earnings and a heavy economic calendar, the next several days offer significant focal points across multiple asset classes.