Morning Juice – US Session Prep (10th November)

Sentiment
Global markets rallied Monday as growing confidence that U.S. lawmakers are nearing a deal to end the record-long government shutdown sparked a wave of risk-on buying across stocks, commodities, and crypto.

Equities rebound: S&P 500 futures rose 0.9%, while Nasdaq 100 contracts jumped 1.5%, recovering from their worst week since April. Nvidia led megacap tech gains, climbing more than 3% in premarket trading.

Shutdown optimism lifts sentiment: Reports that Senate Democrats joined Republicans to advance a funding bill boosted hopes for a quick resolution — a move that would restore access to key economic data and clarify the Fed’s policy outlook.

Risk assets surge: Oil, industrial metals, and Bitcoin all advanced, while Europe’s Stoxx 600 headed for its best day since June.

Bonds and gold diverge: Treasury yields rose, with the 10-year at 4.12%, reflecting reduced demand for safe havens. Yet gold climbed, supported by expectations the Fed could cut rates next month.

Docket
11:30 ET
US sells $86 bln 3-Month Bills
Prior High Yield – 3.815%
Prior Bid-to-Cover – 2.62

US sells $77 bln 6-Month Bills
Prior High Yield – 3.700%
Prior Bill-to-Cover – 2.92

13:00 ET
US sells $58 bln 3-Year Notes
Prior High Yield – 3.567%
Prior Bid-to-Cover – 2.66

Speakers
08:30 ET
Fed’s Daly speaks on Bloomberg TV.

09:25 ET
Fed’s Musalem speaks on Bloomberg TV.

Good Luck!