Treasuries Ebb and Flow Ahead of FOMC Minutes

There’s a three-week lag between each FOMC meeting and when the meeting’s actual minutes are released to the public. Markets traded relatively flat Tuesday ahead of Wednesday’s release of the March FOMC meeting minutes. Analysts will be dissecting the report looking for clues to possible future policy changes, and it’s usually a market mover.

Quick-Takes

1. It’s rumored that the electric car tax credit will increase to $10,000 as part of the Biden administration’s infrastructure bill.
2. Gold makes a big move to the upside.
3. The U.S. economy continues to open up while some European countries discuss further shutdowns.

Recap Video

Our Favorite Headlines

Concerns About Oil Demand Are Being Raised, But What’s Real And What’s Imagined?

The Phil Flynn Energy Report

Oil prices are recovering from Easter Monday’s huge selloff, which was caused by reasons that were in some cases real, and in other cases imagined. Concerns about increasing Covid-19 cases in India, as well as the Biden administration’s fixation on reentering the flawed 2015 Iranian nuclear accord, had traders worried about a massive flood of crude hitting global markets at a time when they believed Covid-19 shutdowns would again zap demand. How much of this is real and how much is imagined?

Is Profit-Taking To Blame For A Decrease In High-Value BTC Wallets? The Answer May Be More Nuanced Than It Seems

FRNT Financial

Last week we highlighted the decreasing number of wallets holding over 10,000 and 1,000 BTC since November and February and have since fielded questions about whether the metric signals profit-taking. We feel the answer is more nuanced and in part highlights evolving characteristics of the asset, such as new custody solutions.

Treasury yields ebb lower ahead of Fed meeting minutes

Vicky McKeever – CNBC.com

The Federal Open Market Committee is set to publish the minutes from its March meeting at 2 p.m. ET. The Fed kept interest rates unchanged, but investors will be looking closely at minutes for clues as to when the central bank might raise rates.

Economic Calendar for Wednesday, April t

• MBA Mortgage Applications – 6:00 AM CT
• International Trade in Goods and Services – 7:30 AM CT
• EIA Petroleum Status Report – 9:30 AM CT
• FOMC Minutes – 1:00 PM CT
• Consumer Credit – 2:00 PM CT

Live Q&A With Topstep Founder Michael Patak

Don’t forget to join Topstep founded and Chief Visionary Officer Michael Patak after the close on Wednesday, April 7, at 3:00 PM CT for a LIVE Q&A session. He’s going to be talking about the Topstep program, new features, and whatever else is on your mind. To tune in at that time, simply click this link.