S&P500 Futures, yields retreat amid US debt ceiling jitters, anxiety ahead of Fed Minutes

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• Market sentiment fades the previous day’s cautious optimism as US debt ceiling woes prevail.
• S&P500 Futures defend previous day’s U-turn from nine-month high.
• US 10-year Treasury bond yields snap six-day uptrend, reverses from the highest levels in 10 weeks.
• Risk catalysts are the key amid light calendar for today, Biden-McCarthy talks are crucial.

Global traders remain cautious during early Monday as the US policymakers failed to offer any solutions to the looming default woes even as President Joe Biden and US House Republican Speaker Kevin McCarthy agrees to resume debt ceiling talks after initial failures.