Morning Note | Jan 4, 2023 | Tons Of Cuts To Start The Year
Good Morning!
Futures are up small in the second trading day of the year. Oil is down another 2.5% after a moderate drop yesterday. The 10-yr yield continues to decline falling another 11 bps to 3.68%. So same dynamic, global yields lower, futures higher, oil lower. Oil weakness is being driven by weakening APAC/EU demand sentiment. Futures are being…
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