Markets get a breather as Government shutdown seems less likely

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Published Date 3/14/2025

Stock indexes fell yesterday, this morning the key indexes started better. The 10 year note yield at 8:30 am ET 4.32% +5 bp.

Trade issues continue to dominate US and global markets with tariff tit for tats.

Looks like the government will not shutdown tonight at mid-night.

At 9:30 am the DJIA opened +259 after dropping 527 yesterday, NASDAQ opened +225, S&P +50. 10 year note yield at 9:30 am 4.31% +4 bps. FNMA 6.0 30 year coupon at 9:30 am -6 bps from yesterday’s close and +4 bp from 9:30 am yesterday.

The only data today at 10 am, the mid-month University of Michigan consumer sentiment index. Recent measurements of consumers have been declining in big chunks, worries over economic futures. The estimates 64.0 from 64.7 at the end of February. The sentiment index continues to decline, 57.9.

Source: TBWS

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