Morning, Traders!
It is Thursday the 28th of December, here are some things to look out for today.
Sentiment
The dollar fell to a new five-month low this morning as markets focused on the possibility of Federal Reserve interest rate cuts next year.
The Japanese yen rose after comments from the central bank's governor fueled expectations that negative interest rates would be phased out.
Treasuries are under pressure in early US trading, giving up some of the gains that drove benchmark yields to multi-month lows following Wednesday's well-bid 5-year auction.
This afternoon, the supply cycle concludes with a $40 billion 7-year note, which is expected to yield more than 55 basis points less than last month's.
Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims - Median Forecast: 210K | Prior: 205K | Range: 227K / 208K
Continued Claims - Median Forecast: 1.875M | Prior: 1.865M | Range: 1.88M / 1.862M
11:00 ET
US Weekly EIA Inventories
Crude Oil Inventories - Median Forecast: -2.7M | Prior: 2.909M | Range: -2.421M / -3M
11:30 ET
US sells $80 bln 4-Week Bills
13:00 ET
US sells $40 bln 7-Year Notes
Good luck!
