Jan. 25 at 1:41 AM
Look Into Next Week
Macro Look
A packed week centers on Fed communication and Treasury supply, with auctions and the FOMC decision likely driving rates and the USD. Energy balances via EIA reports and Friday’s PPI will refine inflation expectations and thus risk premia across
$TLT,
$DXY and
$SPY.
• UST auctions (2Y, 5Y, FRN, 7Y; total materiality_score 312) — numeric anchor: 4 auctions; curve demand → term premium →
$TLT,
$SPY
• Central‑bank communication (BoC + FOMC + Powell; score 280) — numeric anchor: FOMC score 98; policy surprises → rate expectations →
$TLT,
$DXY
• Energy balances (oil, gas EIA; score 145) — numeric anchor: 2 EIA prints; inventory shocks → commodities → inflation beta →
$CL=F
• Inflation pipeline (Dec PPI; score 85) — numeric anchor: N/A; PPI surprise → PCE expectations → yields/multiples →
$TLT,
$SPY