Bonds are currently 0’01 higher at 115’30

Financials

Mar. Bonds are currently 0’01 higher at 115’30, 10 Yr. Notes unchanged at 128’13.5 and 5 Yr.  Notes 0’01lower at 118’19.25. Nothing to really comment on fundamentally. However, technically yields have been creeping higher and the yield curve has widened. It was not too long ago that the yield curve between the 10 YR. and 2 Yr. Notes inverted with the 2 Yr. yielding 2-3 basis points more than the 10 yr., the 10 Yr. is now 34 basis points over the 2 yr.

 

Grains

Mar. Corn is currently unchanged at 387’, Beans unch. at 955’4 and Wheat unch. at 558’6. News of a pending signing of phase 1 of a China trade deal in 2 weeks could give these markets a boost.

 

Cattle

Live and Feeder Cattle prices have not moved much in the last two weeks. I will still be a seller in Apr. LC above 128.65. A positive outcome of trade deals with both China and Japan concerning Beef exports could give these markets a boost.

 

Silver

Mar. Silver is currently 8 cents higher at 18.01 and up a Dollar since my last “Report” (Dec.19th). Stay long.

 

S&P's

Dec. S&P’s are currently 3.00 lower at 3140.00. The market did not complete a key reversal, however a close below 3116.00 will give us a reason to sell. I'm still a seller on sharp rallies for trading purposes.

 

Currencies

As of this writing the Euro is 4 higher at 1.1146, the yen 9.5 lower at 0.92100, the Pound 71 lower at 1.3138 and the Dollar Index up .064 at 97.110. The euro and Pound are slightly higher for the week and the Dollar slightly lower. I still am a buyer of the pound on breaks and a seller of the Dollar on rallies.