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US TSYS: Curves Twist Steeper, Trump Demands Lower Rates, Oil Prices

US TSYS
USBulletMarketsFixed Income BulletsNorth America
  • Treasuries look to finish Thursday's session mostly weaker, curves twist steeper after demanding that "interest rates drop immediately" when he spoke remotely to the World Economic Forum meeting in Davos, Switzerland earlier.
  • Tsy 2s10s climbed to 36.088 high, 5s30s to 43.580 highs on the day, Mar'25 2Y futures +.78 at 102-23.25 while 10Y futures traded -6.5 at 108-11.5 vs. 108-06 low, still above initial technical support at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger).
  • Trump comments saw sudden spike higher for the Greenback that was met with an immediate reversal, highlighting the ongoing sensitivity across FX markets to any comments from the President. Following this, the greenback drifted lower, and the USD index sits around 0.15% in the red as we approach the APAC crossover.
  • Stocks traded mostly higher: DJIA trades up 329.87 points (0.75%) at 44485.06, S&P E-Minis up 14.5 points (0.24%) at 6134.5, Nasdaq down 41.8 points (-0.2%) at 19966.92. Earnings expected from Texas Instruments, CSX Corp and Intuitive Surgical after the close.
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  • Treasuries look to finish Thursday's session mostly weaker, curves twist steeper after demanding that "interest rates drop immediately" when he spoke remotely to the World Economic Forum meeting in Davos, Switzerland earlier.
  • Tsy 2s10s climbed to 36.088 high, 5s30s to 43.580 highs on the day, Mar'25 2Y futures +.78 at 102-23.25 while 10Y futures traded -6.5 at 108-11.5 vs. 108-06 low, still above initial technical support at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger).
  • Trump comments saw sudden spike higher for the Greenback that was met with an immediate reversal, highlighting the ongoing sensitivity across FX markets to any comments from the President. Following this, the greenback drifted lower, and the USD index sits around 0.15% in the red as we approach the APAC crossover.
  • Stocks traded mostly higher: DJIA trades up 329.87 points (0.75%) at 44485.06, S&P E-Minis up 14.5 points (0.24%) at 6134.5, Nasdaq down 41.8 points (-0.2%) at 19966.92. Earnings expected from Texas Instruments, CSX Corp and Intuitive Surgical after the close.