Good morning, you're listening to Markets Desk.
Treasury yields edged lower Monday as oil prices pulled back sharply on signals of potential de-escalation between the United States and Iran. The ten-year note slipped just over one basis point to four point six eight eight percent, reflecting a modest bid for safety unwinding as geopolitical risk premiums eased across energy markets.
Shifting to pharmaceuticals, AstraZeneca shares dropped seven percent after the Financial Times reported the British drugmaker held merger discussions with Bristol Myers Squibb over several months, with a deal potentially valued near four hundred billion dollars. Markets typically punish the acquirer on deal news, and AstraZeneca is absorbing that weight today as investors question the strategic logic and premium involved.
And in corporate dealmaking, Swedish access and security giant ASSA ABLOY has agreed to acquire UK-based Gunnebo Entrance Control in a transaction with undisclosed terms. ASSA ABLOY has long grown through bolt-on acquisitions in the entrance control space, and Gunnebo fits squarely into that playbook, extending its footprint in perimeter security and pedestrian access management across European and global facilities.
That's the tape. Markets Desk, signing off the floor.
