ES still in decision after drop before xmas

Bond Auction Demand Analysis
The recent 10-year Bond Auction showed weaker demand with a 0.2 tails basis point, indicating reduced investor interest compared to previous auctions. The high bid-to-cover ratio of 2.53 suggests challenges for the stock market rally as investors seek higher yields. A 30-year Bond Auction on January 9th will provide further insights into market trends.

Jobless Claims Report Impact
The Initial Jobless Claims report showed favorable results, which could support a steady move in the market, particularly in the ESH2025 ES index. Traders are closely monitoring these developments as they assess the implications for interest rates and overall market performance.

Market Reaction and Expectations
During the first session of the US market, there was little decision-making movement, indicating a need for more information on market reactions. With a national holiday approaching and a 30-year Bond Auction scheduled, a quieter market is expected in the interim.