Treasury auctions could impact equity markets, recent auctions struggled, inflation expected to rise

From Investing.com: 2024-12-23 02:36:00

This week will see shortened trading hours due to the Christmas holiday, with markets closing early on Christmas Eve and remaining closed on Christmas Day. Treasury auctions are scheduled for the week, potentially impacting equity markets. Recent auctions have struggled, leading to rising rates. Inflation is expected to run hotter this month based on swap pricing. Market movements last week were influenced by options expiration and negative gamma environment. The Treasury yield has broken out to the upside, with 4.75% as the next resistance level. The euro continues to strengthen, with resistance at 1.045. The S&P 500 and Nasdaq 100 face key moving averages, while financial funding costs have eased. Keep an eye on the Fed’s reverse repo facility as year-end approaches for signs of market stress.



Read more at Investing.com: Stocks Week Ahead: Treasury Auctions Could Drive Further Bear Steepening