US Yields rose overnight and S&P 500 closed the day 0.34% lower as markets pared Interest Rate Cuts expectations on strong employment data and resilience of the Services Sector. The market implied Fed Fund Pricing for 2024 now stands at -138 bps at 3.95% from recent -160 bps. US2s10s bear steepened and USDJPY rose 1% on the day as markets pushed back expectations of an early policy pivot by BoJ. EURUSD registered modest gains of 0.20% as the EU Services PMI numbers came in at 48.80 signaling a modest contraction in output as business confidence improved.
Initial Jobless Claims w/e Dec 29 202K, E 216K, P 220K
Continuing Jobless Claims w/e Dec 22 1.855M, E 1.882M, P 1.886M
S&P Services PMI A 51.4, E 51.30, P 51.30
|
Bonds |
High |
Low |
Close |
DoD Change |
|
US 2Y |
4.399 |
4.299 |
4.387 |
5.40 |
|
US10Y |
4.006 |
3.901 |
4.001 |
8.10 |
|
US2s10s |
-0.386 |
-0.413 |
-0.386 |
2.70 |
|
US30Y |
4.156 |
4.062 |
4.154 |
7.90 |
|
JGB 10Y |
0.632 |
0.603 |
0.622 |
-0.30 |
|
Currency |
H |
L |
C |
▲H/L |
|
|
EURUSD |
|
1.09722 |
1.0914 |
1.09444 |
0.53% |
|
DE10Y-US10Y |
-1.86 |
-2.011 |
-1.86 |
0.21% |
|
|
USDJPY |
|
144.849 |
142.851 |
144.622 |
1.40% |
|
GBPUSD |
|
1.27295 |
1.26565 |
1.26816 |
0.58% |
|
AUDUSD |
|
0.67598 |
0.66965 |
0.67062 |
0.95% |
|
USDCAD |
|
1.3366 |
1.33169 |
1.335 |
0.37% |
|
USDSGD |
|
1.33026 |
1.327 |
1.32944 |
0.25% |
|
USDCNH |
|
7.17823 |
7.15249 |
7.17258 |
0.36% |
|
USDKRW |
|
1315.01 |
1305.2 |
1313.28 |
0.75% |
|
Dollar Index |
102.527 |
102.145 |
102.419 |
0.37% |
|
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