Option Millionaires

[uranium-pinto-beans]

Market Action: Treasuries pared overnight gains and yields headed higher following the stronger than expected PPI report. But the move was brief as the market awaits upcoming comments from Chair Powell and tomorrow's CPI. The spike provided a buying opportunity and rates are back where they were just before the release. The 2-year rate is down -1.5 bps to 4.846% after spiking to 4.892%. The 10-year is fractionally in the green at 4.475% following its jump to 4.528%. Similarly, the DXY popped to 105.458 but quickly slipped back to 105.148, where it was just prior to the release. Meanwhile, Wall Street futures have taken the numbers in stride too, with the NASDAQ -0.20% lower, while the S&P 500 is fractionally in the red and the Dow marginally in the green.