Morning Juice – US Session Prep (2nd January)

Sentiment
Treasuries swung back to gains after opening lower on the first trading day of 2026. US Treasuries rose on the first trading day of 2026, starting the year on a positive note after posting their best annual return in five years.

Earlier in the session, yields on 30-Yr bonds climbed to their highest level since early September, as rising optimism about the US economic outlook reduced demand for safe-haven assets.

Nasdaq 100 futures climbed 1.1% on a wave of AI-related news from Asia that lifted the regional index to its strongest start to a year since 2012.

Gold and silver advanced as trading in 2026 got underway, extending gains after their strongest annual performances since 1979.

Docket
09:45 ET
US S&P Manufacturing PMI December Final
Forecast: 51.8 | Prior: 51.8 | Range: 52 / 51.7

Good luck!