Friday Gets Off to a Quiet Start

Investors appear to be starting off the long weekend on a quiet note. Today’s only data release will come a little later this morning when the University of Michigan issues its preliminary February report on Consumer Sentiment. That Index is expected to show improvement to a value of 80.9 from last month’s 79, with the Expectations component rising to 76 from 74. The Current Conditions sub-index is also expected to have risen to 76 from 74. An NFIB report earlier in the week portrayed falling optimism from Small Businesses.

In early trading, Treasury prices are slightly lower except in the short-end where the Two-Year is unchanged at 11 basis points. The Ten-Year is yielding about 1.18% with the Long Bond at 1.97%. Crude oil is slightly lower at $57.91 while gold’s $10 slide takes that price to $1,815. DJIA futures are slightly in the red.