As the U.S. Treasury Department gears up to announce its refunding plans for the upcoming quarter, investors are eagerly anticipating a sense of relief after several quarters of auction size increases. The expectation is that the Treasury will maintain the size of most of its auctions, with potential increases in specific issues such as the
Cash
The US 100 cash index is currently experiencing a downward trend, trading slightly below the 100-day SMA. Market sentiment remains bearish as investors await key US data releases. This negative sentiment is reflected in various momentum indicators, suggesting a bearish trend in the market. The Average Directional Movement Index (ADX) indicates a decent bearish trend
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