The UST10-Year yield is at 2.408% this morning after closing at 2.448% yesterday.
This morning, U.S. Treasuries continue to rally and the dollar continues to recover, with the DXY index up 0.15% to 100.65. In commodities, WTI crude oil prices are down 28 cents, to $53.16 a barrel.
After a plethora of economic data yesterday, only one print was released this morning, the Leading Index (formerly known as the “leading economic indicator index”) a gauge used to predict the U.S. economic growth for the upcoming 6-months. The index measures a multitude of indicators such as the average initial unemployment claims, manufactures' new orders, building permits, and housing starts. The index rose 0.60% in January to 125.50, following a 0.50% increase in December and a 0.20% increase in November; indicating that the economy is strengthening at an accelerated pace.
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This morning, U.S. Treasuries continue to rally and the dollar continues to recover, with the DXY index up 0.15% to 100.65. In commodities, WTI crude oil prices are down 28 cents, to $53.16 a barrel.
After a plethora of economic data yesterday, only one print was released this morning, the Leading Index (formerly known as the “leading economic indicator index”) a gauge used to predict the U.S. economic growth for the upcoming 6-months. The index measures a multitude of indicators such as the average initial unemployment claims, manufactures' new orders, building permits, and housing starts. The index rose 0.60% in January to 125.50, following a 0.50% increase in December and a 0.20% increase in November; indicating that the economy is strengthening at an accelerated pace.
The curve has bull-flattened with the UST 10-Year 4 bps down from prior closing.
Have A Fantastic Weekend!