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Waiting For Stimulus

US TSYS

Stimulus deal talks. Not hearing anything substantive, certainly no agreement after Tsy Sec Mnuchin "Rejects Pelosi Offer to Come Down $1t as 'Non Starter'" Bbg.

- Tsy futures ARE inching off lows in long end (short end still underperforming after heavy selling in TUU from 110-14.88 to -14.12 low).

- Equities slipping lower but off early session lows:

  • DJIA down 52.73 points (-0.19%) at 27386.98
  • S&P E-Mini Future down 11.75 points (-0.35%) at 3330.25
  • Nasdaq down 136.8 points (-1.2%) at 11108.0

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