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US 10YR FUTURE TECHS

‌‌(M1)‌‌ Eyeing Key Support

GILT SUMMARY

Curve Flattening Into Weekend

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Expiries for Mar08 NY cut 1000ET (Source DTCC)

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The Senate will start former President Donald Trump's second impeachment trial during the week of February 8, Democratic Senate Majority Leader Charles Schumer announced on Friday.

Schumer's announcement of a two-week delay comes after he disclosed earlier Friday that the House article of impeachment will be delivered to the Senate on Monday. After that, the Senate will turn back to confirming President Biden's cabinet nominees or working on fiscal relief legislation while both sides prepare their legal trial briefs.

"The Senate will continue to do other business for the American people, such as Cabinet nominations and the COVID relief bill," Schumer said. The timeline was sought by Senate Minority Leader Mitch McConnell, who argued that the ex-president's legal team should be given sufficient time to prepare for the trial.