Friday looked like it was going to be a lot worse than it was. Stocks and bonds took the employment report in stride and ended little changed.
Today’s artificially early trading start (it’s not really 9:30a when that bell rings this morning ;)) has no real data to drive it. Other than a few treasury auctions and a couple of Fed speakers there isn’t anything else for the day either…
So look for employment to stay in the news a while. Given the light data calendar thru Wed and the lack of corporate earnings look for markets to be tame unless the Ukraine situation makes things interesting.
It looks like a good time to buy time if you’re waiting to float. However, as always you should keep an eye out for market swings. If market momentum starts to build in any direction it can easily take rates with it.
Comments(0)