The UST10-Year yield is at 2.433% this morning after closing at 2.466% Friday.
In the overnight session, the dollar strengthened with the DXY Index up 0.10%. In commodities, Crude prices continued to rise, holding steadily over $50.00 per barrel. In the bondmarkets, U.S. Treasuries have been rallying across the curve into today’s early session.
Later this morning, the Fed will provide an update on Labor Market Conditions Index (LMCI) and at 3:00 PM (PT) the Treasury will release the January STRIPS data. Also today, European Central Bank (ECB) President Draghi will be speaking in Brussels today.
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In the overnight session, the dollar strengthened with the DXY Index up 0.10%. In commodities, Crude prices continued to rise, holding steadily over $50.00 per barrel. In the bond markets, U.S. Treasuries have been rallying across the curve into today’s early session.
This week will be light on economic data with no releases scheduled for today. Tomorrow, Trade Balance and JOLTS Job Openings will be released, Wednesday, MBA Mortgage Applications, Thursday, initial and continuing jobless claims, Consumer Comfort and Friday, the Import Index and University of Michigan Sentiment Survey will be released.
Later this morning, the Fed will provide an update on Labor Market Conditions Index (LMCI) and at 3:00 PM (PT) the Treasury will release the January STRIPS data. Also today, European Central Bank (ECB) President Draghi will be speaking in Brussels today.
The curve has bull-flattened with the UST 10-Year 3.3 bps down from prior closing.