2-Year T-Note Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Friday fell -0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell -0.40%.
Stocks on Friday settled mixed. Stocks Friday morning initially sold off after bond yields jumped on concern the Fed may have to keep monetary policy tighter due to Friday’s stronger-than-expected U.S. Nov payroll report. However, stocks recovered from their worst levels as T-note yields fell back for the remainder of the day. The 10-year T-note yield Friday finished the day down -0.1 bp at 3.504% after initially climbing to 3.633%.
A more than +4% jump in Boeing on Friday lifted the Dow Jones Industrials into positive territory after the Wall Street Journal reported that United Airlines Holdings is nearing a deal to order nearly one hundred 787 Dreamliners.
Fed comments Friday were hawkish for Fed policy and bearish for stocks. Chicago Fed President Evans said in orde... Read more