Morning Bid: Agitated markets wary of June heat

A look at the day ahead in U.S. and global markets from Mike Dolan

This week’s bout of bond market anxiety eased a touch on Thursday, but investors wary of heavy sovereign debt sales and election uncertainty are bracing for a jumpy June.

And the dollar (.DXY), opens new tab is lapping it all up.

At the root of the week’s angst has been more evidence of still-brisk U.S. economic growth and sticky worldwide inflation that questions the degree of interest rate cuts ahead that have been long-assumed by markets. Jobless updates and a GDP revision top today’s diary.