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Market Roundup: Holding Midmorning Gains

US TSYS
Tsys holding mildly mixed levels at midday, near highs on narrow range since midmorning. Tsys mirrored similar moves in German Bunds in early trade, gapped higher after Bbg story hit wires: "ECB Starts to Ponder Slower Hikes After Half Point in February".
  • Tsys extend past early overnight highs (30YY slips to 3.6135% low vs. 3.6948% high), while equities bounced to new session highs briefly before moving back to early session range.
  • Muted react to limited data (NY FED EMPIRE STATE MFG INDEX -32.9 JAN) participants plied the sidelines ahead Wednesday's heavy data docket that includes Retail Sales, PPI, IP/Cap-U, Business Inventories, Net TIC flows.
  • Equity earnings resume, Goldman Sachs just annc ($10.59B 4Q rev vs. $10.7B est, $3.32 EPS), Morgan Stanley (sales & trade rev's $1.42B vs. $1.68B est);, UAL and Interactive Brokers after the close.
  • Earnings on tap early Wednesday: Charles Schwab, Prologis Inc, JB Hunt Transport, PNC Financial Services.

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