Reply To: Traders Market Weekly: Santa Claus Came to Town


The big move in oil ($74.09/bbl, +2.30, +3.2%), which is tied to geopolitical angst related to the understanding that several shipping companies have suspended travel through the Red Sea, including BP, because of attacks on vessels by Houthi militants, has contributed to selling activity in the Treasury market.

The 10-yr note yield is up four basis points to 3.97% and the 2-yr note yield is up one basis point to 4.47%.