Treasuries Rise on Weak US Manufacturing, Bullish Option Trades

Group 1 - Treasuries are experiencing their first gains in a week due to a decline in oil prices, alleviating inflation concerns following the US capture of Venezuela's president [1] - The yield on US 10-year debt decreased by two basis points to 4.17%, while the two-year rate fell by one basis point to 3.46% [1] - Money markets are anticipating two quarter-point reductions in borrowing costs by the Federal Reserve this year, with a 25% chance of a third cut [1] Group 2 - Global bond markets are benefiting from falling crude futures prices amid fears of a global supply glut, with potential revival in Venezuela's oil output following decades of declining production [3] - The market is expected to face a significant surplus this year as OPEC+ and other producers increase output [3] - US stock futures are rising, driven by gains in the technology sector, indicating an increased risk appetite among investors [4]