Morning Juice – US Session Prep (12th January)

Sentiment
The US dollar and long-dated Treasuries started the week on the back foot as concerns over the Federal Reserve’s independence weighed on sentiment. Federal Reserve Chair Jerome Powell said the US central bank had been served with grand jury subpoenas from the Justice Department that threaten a criminal indictment, marking a sharp escalation in the Trump administration’s attacks on the institution.

Speculation that Japanese Prime Minister Sanae Takaichi will call for a snap election continues to rise; the Yomiuri newspaper reported that Takaichi may call for a vote on Feb. 8th or Feb. 15th.

Docket
11:30 ET
US sells $58 bln 3-Year Notes

13:00 ET
US sells $39 bln 10-Year Notes

Speakers
12:30 ET
Fed’s Bostic will moderate a discussion with Jeffrey Sprecher, CEO of Intercontinental Exchange and chair of the New York Stock Exchange.
Text: No. Q&A: Yes, with the audience.

12:45 ET
Fed’s Barkin speaks in a fireside chat at an event organized by the NC Chamber and the North Carolina Bankers Association.
Text: No. Q&A: Yes, moderator.

15:30 ET
Trump participates in Signing Time

16:00 ET
Trump meets with the CEO of Tunnel to Towers Foundation

Good luck!