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Trend Conditions Remain Bullish

US TSY FUTURES

Extending Lows After the Close

US TSYS SUMMARY

Reversing Overnight Risk-Off Tone

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Remains Vulnerable

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Pres Biden Budget Proposal Ests

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Needle Still Points South

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US President Joe Biden speaking on the economy. Says that the gov't will 'remain vigilant' to inflation.

  • Link to stream: https://www.youtube.com/watch?v=qveffLXjeCQ
  • Says he said to Chairman Powell that the Fed is independent he should use any measures necessary in ensuring economic stability.
  • 'If your primary concern at present is inflation, you should be enthusiastic about my [infrastructure] plan.'