Hormuz Vessel Traffic Drops to Single Digits 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Oil Prices Fall as U.S. Crude Inventories Rise, Middle East Risks Persist 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets 
UK Wage Growth Slows as BoE Rate Decision Looms 
Asian Stocks Rise as Investors Brace for Fed Rate Decision 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Vietnam, U.S. Firms Plan 29 Deals Across Energy, Tech and Aviation 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Add as a preferred source on Google
The U.S. Treasuries steadied during Tuesday’s afternoon session ahead of the country’s trade balance data for the month of November and the ISM non-manufacturing PMI for December, both scheduled to be released today by 13:30GMT and 15:00GMT for further direction in the debt market.
The yield on the benchmark 10-year Treasury yield hovered around 1.806 percent, the super-long 30-year bond yield steadied at 2.284 percent and the yield on the short-term 2-year remained tad down at 1.542 percent by 11:55GMT.
In the US, following last week’s disappointing manufacturing ISM survey for December, a key focus today will be the equivalent non-manufacturing indices. Contrasting with the marked deterioration in the manufacturing survey, the headline non-manufacturing index is expected to have largely reversed the decline seen in November to remain consistent with ongoing expansion. Final trade and durable goods orders figures for November are also due, Daiwa Capital Markets reported.
While some local headlines of Iranian sabre-rattling (suggestions of ‘thirteen retaliation scenarios’ and a ‘historic nightmare’ for the US) have given some support in the past half hour, USTs are still little changed from yesterday’s US close (10-year yields a little less than 1.80 percent), the report added.
Meanwhile, the S&P 500 Futures remained flat at 3,243.62 by 12:00GMT.
