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What to Watch: Tsy Auctions, Equity Earnings


Tsys stronger, off recent highs, 30YY currently 3.5880% (-.0164), yield curves bouncing: 2s10s +4.478 at -71.701, volumes improving (TYH3 >345k) though

much of Asia still out for Lunar New Year holidays: China, Taiwan Mon-Fri; Vietnam Mon-Thu; Hong Kong Mon-Wed; Singapore and South Korea back in.

  • Data: no substantive releases while the Fed remains in policy blackout through Feb 2. Tomorrow, however, sees surge of data w/ Q4 GDP, PCE, Weekly Claims, Retail/Wholesale Inv, Durables/Cap Goods, and New Home Sales.
  • Treasury auctions: $24B 2Y FRN note (91282CGF2) and $36B 17W bill sales at 1130ET; $43B 5Y Note Sale (91282CGH8) at 1300ET
  • Equity earnings continue:
    • Wed: ABT ($0.59 EPS), BA (-$1.06 EPS), HES ($2.03 EPS), USB ($0.57 EPS), T ($0.61 EPS), GD ($3.58 EPS), FCX ($0.48 EPS), ADP ($1.95 EPS), KMB ($1.50 EPS); after the close: IBM, AMP, CCI, TSLA, CSX, RJF, STX, TER
    • Thu: DOW, LUV, BX, VLO, ADM, WY, INTC, OLN, V
    • Fri: AXP, CVX, and CL
  • Geopolitical: Eying simmering tensions after US, Germany agreed to send advanced tanks to Ukraine Tue. Latest, wires carrying comments from interim Finnish Defence Minister Mikko Savola stating that the Finnish gov't may send tanks to Ukraine.

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