30-Day Fed Funds Oct '20 (ZQV20)
30-Day Fed Funds Futures Market News and Commentary
Dec 10-year T-notes (ZNZ20) on Monday closed up +5 ticks. The 10-year T-note yield fell by -4.5 bp at 0.798%.
Dec 10-year T-note prices on Monday moved higher the entire day on weakness in stocks. Stocks slumped on a lack of new pandemic stimulus and concern that rising Covid infections throughout the world will force governments to impose new lockdown measures that will slow the global economy. T-notes maintained their gains on Monday's mostly weaker-than-expected U.S. economic data.
Stocks on Monday sold off and boosted safe-haven demand for T-notes. A lack of a new pandemic relief package undercut stocks. White House economic director Kudlow said on Monday that President Trump could not accept parts of the Democrats' stimulus bill. Funding for state and local governments remains the key issue singled out by both sides as a remaining stumbling block to a stimulus deal.
T-notes have support from the worsening Covid pandemic. The Covid virus has now infected 43.... Read more
- Crude Oil: The Correction Is Already Over
According to our previous expectations and in tune with our current trading position, we've witnessed a decline in today's pre-market crude oil...
- Silver: A Conceivable Dead-Cat-Bounce on the Cards
Silver is not just any industrial metal. Used as money for centuries, much longer than the fiat currencies have been used, with its specific properties...
- Heavy Slate of Corporate Earnings Releases This Week
Approximately a third of the companies in the S&P 500 will report quarterly results this week.
- Daily Technical Spotlight - December U.S. Treasury Bonds
Price downtrend remains in place and bears keep near-term chart advantage.
- Debate Doesn't Help
On Friday the last Presidential Debate held Thursday evening did not have the desired market effect as the indices traded MIxed. Will that change today?...
- ONE44 Fibonacci Chart of the Week
JPM past and present