Reply To: Bond Traders Weekly Outlook: The Wild Ride of 2023 Moves Onto 2024

#69458
Truman
Participant

S&P 500 futures are up one point and are trading roughly in line with fair value,
Nasdaq 100 futures are up seven points and are trading 0.1% above fair value,
Dow Jones Industrial Average futures are down 25 points and are trading 0.1% below fair value.

The market continues to weigh geopolitical worries after Israel reportedly pledged to continue fighting until Hamas is defeated. Also, Houthi rebels attacked a MSC United VIII container ship on Tuesday, according to Bloomberg, but shipping giant Maersk said it was resuming operations in the Red Sea after its recent pause.

The 2-yr note yield is down five basis points from yesterday at 4.30%.
The 10-yr note yield is down two basis points to 3.87%.