Treasuries Look For Direction

Markets seem little affected by Sunday’s missile attack on a Saudi Arabian petroleum facility as prices bounce around for both stocks and bonds in early trading. The Treasury’s Ten-Year yield is loitering around 1.60% as the Long Bond hovers near 2.30%. The short end is anchored by the Two-Year at 15 basis points. DJIA futures are vacillating between mildly red and mildly green. WTI is off a touch at $65.60 as gold slides a little more to $1,692. Today’s only data releases come from the Census Bureau a little later this morning with reports for January’s Wholesale Inventories and Wholesale Trade Sales. The Senate-approved $1.9T spending bill goes back to the House this week.