Evening Market Recap - Tuesday, 11-Jun

US equities finished mixed in Tuesday trading, ending near best levels and seeing the S&P and Nasdaq both set fresh record closes. Several smaller themes were in play today, but the big narrative is that the market is in waiting mode ahead of tomorrow's May CPI and June FOMC releases, though few surprises are expected from either report, and market sentiment has largely coalesced on the Fed remaining on hold until at least September. Today's $39B 10Y note auction was stronger than expected, stopping through by ~2bp and taking some pressure off yesterday's weak 3Y note auction.