Calm After (And During) The Storm

Treasuries are a little weaker as the dust settles from deadly clashes on Capitol Hill Weds. Overnight, Congress certified the Biden-Harris election win and Trump put out a statement that pledged an "orderly transition" to the new administration on Jan 20.

• While the past 24 hours have been momentous, in truth markets have largely shrugged - front TYs currently 3 ticks above the level at the beginning of the Congressional joint session Weds; in that span, S&P futs -0.3%. USD is a winner, up 0.4%.
• The 2-Yr yield is unchanged at 0.1369%, 5-Yr is up 0.2bps at 0.4274%, 10-Yr is unchanged at 1.0355%, and 30-Yr is down 0.2bps at 1.812%. Mar 10-Yr futures (TY) up 0.5/32 at 137-07 (L: 137-00.5 / H: 137-09.5) on above-avg volumes (~350k).
• Similarly, little reaction to FOMC minutes which showed members largely keeping options open for both tapering purchases and extending maturities. On that note, plenty of Fed speakers today: Philly's Harker (0900ET), Richmond's Barkin (0930ET), StL's Bullard (1200ET), Chicago's Evans (1300ET), and SF's Daly (1550ET).
• Challenger job cuts at 0730ET, jobless claims and trade balance at 0830ET, and ISM Services at 1000ET are the data highlights.
• 1130ET sees $65B of 4-/8-week bill auction. NY Fed buys ~$1.75bn of 20-30Y Tsys.