"Yields were lower Monday across the Treasury curve as buyers returned from the holiday, looking to grab bonds, especially longer-dated maturities. Despite bond traders preparing for a heavy schedule of U.S. Treasury debt auctions throughout the holiday-shortened week, which tends to increase bond supply and push prices down, the opposite happened Monday. The 30-year-long bond closed trading at 4.80%. In comparison, the benchmark 10-year note was last seen at 4.11%."
"The energy complex returned to a more rewarding Monday, with both major benchmarks finishing the day strongly higher, as did natural gas. Traders cited stalled Russia-Ukraine peace talks and tensions in Yemen as the reasons for the sharp moves higher across the board. It's also a good bet, with the year coming to an end, traders closed out short positions that have grown steadily over the fourth quarter."
Futures opened flat as investors returned from the Christmas holiday and equity indices fell on end-of-year profit-taking. The Nasdaq closed down 0.50% at 23,474, the S&P 500 fell 0.35% to 6,905, and the Dow was at 48,461, down 0.51%. Treasury yields declined across the curve with the 30-year at 4.80% and the 10-year at 4.11% as buyers sought longer-dated maturities. Brent and WTI rallied on stalled Russia-Ukraine talks, Yemen tensions, and short-covering, while natural gas surged 6.8% to $4.66 on cold weather and higher LNG exports. Gold and silver pulled back after recent record highs amid year-end selling.
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