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Weekly Talking Points - Volatility muted heading into summer

Our round-up of what to expect in the coming week and the key events of last week. The regular Spotlight feature looks at global energy majors and downside risk, despite the hefty dividends and buybacks in the sector. Our Review section looks at economic data and gyrations in the US 2-yr. Treasury note yield, but the MOVE index and VIX remain relatively muted heading into summer. To read more please subscribe.

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FX market participants continue to trade off of interest rate differentials - and expectations of changes in the differentials. Fed rate hike expectations have disappeared lately and the USD has lost

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