Treasuriesare higher than yesterday at the opening of today’s session. The yield on the UST10-Year is currently at 2.847% after closing at 2.859% during the prior session.
Today marks another quiet day on the economic calendar as it only features Small Business Optimism for January. The index registered a score of 106.90; exceeding survey of 105.30 and moving up from its previous mark of 104.90. According to the National Federation of Independent Business, a record 32% of business owners during January said now was a good time for expanding their businesses. The January print came close to November’s 107.50 reading, which represented then the highest monthly mark since 1986. Further, the percentage of firms expecting compensation to grow rose to 24% during the period.
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Today marks another quiet day on the economic calendar as it only features Small Business Optimism for January. The index registered a score of 106.90; exceeding survey of 105.30 and moving up from its previous mark of 104.90. According to the National Federation of Independent Business, a record 32% of business owners during January said now was a good time for expanding their businesses. The January print came close to November’s 107.50 reading, which represented then the highest monthly mark since 1986. Further, the percentage of firms expecting compensation to grow rose to 24% during the period.
A $7 Billion 30-year TIPS auction is scheduled for Thursday.
The curve has bull-flattened with the UST 10-Year yield down 1.2 bps from prior closing.