What Level of Yields Would Be A Bearish Gamechanger?
What’s in Today’s Report:
- What Level of Treasury Yields Would Be A Bearish Gamechanger?
- EIA and Oil Market Update
Futures are modestly higher on continued momentum following a quiet night of news as there was no notable economic data, stimulus or vaccine updates overnight.
Coronavirus trends continue to improve as New York State will begin to allow spectators back into arenas, while Hong Kong is reopening indoor dining. That improvement combined with vaccine distribution is helping sentiment.
Today focus will be on Jobless Claims (E: 803K) and markets will want to see continued improvement in that number (so a further decline towards 700k). There are also some notable earnings reports to watch, although they’re unlikely to move the broader market. So names we’ll be watching include: PEP ($1.45), AZN ($0.53), DIS (-$0.47).