Daily Market Commentary

January 13, 2021

Bonds & Stocks
Investors piled into the U.S. Treasury's monthly 10-year note auction Tuesday, revealing the limits of bearish sentiment unleashed by last week's U.S. Senate runoff elections, which had pushed 10- and 30-year yields to the highest levels since March.

A key measure of prices paid by U.S. consumers cooled in December from a month earlier as slack in the labor market and muted demand helped keep inflation pressures tame.

Vice President Mike Pence said Tuesday he won't invoke the 25th Amendment to remove President Donald Trump from office, writing in a letter to House Speaker Nancy Pelosi that it's time for the nation to heal after last week's attack on the Capitol.

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