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Stocks and Commodities Pushed Up
01/11/2010
China's imports rose to a record, pushing stocks and commodities up. China has surpassed the US as the world's largest automaker, with sales jumping 46% in 2009. There are no scheduled data releases today. Right now, the futures market is pricing in an 84% chance that the Fed keeps rates somewhere between 0% and .25% through April 28th, 2010. Currently, the Ten Year yield is at 3.83%(3.81% on Friday) and the 2-10 yield spread is at 287bps (hovering at a record high amidst long-end supply and belief that the Fed will keep the overnight rate unchanged), steepening 3bps since Friday morning.
