Morning Juice – US Session Prep (17th December)

Sentiment
The dollar climbed, boosted by higher Treasury yields, after US jobs data did nothing to alter expectations for further Fed interest rate cuts. Investors are looking forward to talks later in the day from Fed’s Waller, who is one of the front runners for the position.
Two-year Treasury yields rose 2bp to 3.50%, while the 10-year yield increased by the same amount to 4.17%.
America’s corporate landscape is adopting the same characteristic K-shape as the country’s consumer sector. Wall Street’s unwavering profit and stock gains are ignoring Main Street, where a rising number of small firms are failing.
Yields on Japan’s long-term bonds rose to multi-year highs in early December, indicating lacklustre investor demand amid concerns about rising government spending and the probability of an interest rate hike on December 19th.

Docket
10:30 ET
Weekly EIA Crude Oil Inventories
Forecast: -2M | Prior: -1.812M | Range: -1M / -5.260M

13:00 ET
US 20-Year Bond Auction
Prior High Yield – 4.706%
Prior Bid-to-Cover – 2.410

Speakers
08:15 ET
Fed’s Waller speaks on the economic outlook at Yale University Summit, Ziegfeld Ballroom
No Text, Q&A is expected with a moderator and audience

09:05 ET
Fed’s Williams speaks during the FX Market Structure Conference organised by the New York Fed
Text and Q&A are not expected; there will be a live stream of the event

12:30 ET
Fed’s Bostic speaks in a moderated discussion at the Gwinnett County Chamber of Commerce
No text, Q&A is expected with an audience

13:15 ET
Trump Participates in a Dignified Transfer Ceremony at Dover Air Base

Earnings
16:00 ET
Micron Technology Q1 2026 Earnings
Estimated EPS – $3.93
Estimated Revenue – $12.87B

Good Luck!