Access to the newer H2200 chips will be limited to authorized buyers, with 25% of sales flowing to the US government. Longer-term clarity from the Fed remains limited, and Monday’s session ended with modest losses across major indexes, though tech managed to close in positive territory.

The dollar index hovered near 99, holding a tight range with an 87% probability priced for a 25-bp cut, up sharply from a month ago. Even so, the longer-term policy path remains unclear, with expectations leaning toward a restrained tone on future easing.

The 10-year US Treasury yield climbed toward 4.2%, its highest since early September, as uncertainty around the Fed’s 2026 stance intensified. A rate cut is expected on Wednesday, yet persistent inflation points to a cautious approach. The 30-year yield also moved toward 4.8%. 

Take a look at today's analysis for more updates!