Rise and shine everyone and Happy Friday!
Today is the January Options Expiration and markets could be volatile so watch out.
The big news is the US Government shutdown is being averted. The House passed another stop-gap funding bill to extend the temporary government funding in two batches through March 1 and March 9. This is what was expected. But, the problem is that there’s no final resolution and therefore, no budget. This is important for us to gauge the level of Treasury Issuances and therefore, the direction of bond prices.