Calendar of events to watch
· the House will hold hearings on Fed exit strategies on Feb 10 (Bernanke will be testifying here). Also in Washington – the House could vote this week to revoke the HMO industry’s anti-trust immunity and Congress will try to move forward on a jobs creation bill (reports on Fri indicated this effort was running into some problems).
· In Europe, there are a bunch of events people are watching for: 1) Greece's main public sector union ADEDY holds a nationwide, 24-hour strike against austerity measures on Feb 10; 2) Portugal’s Parliament starts discussion on 2010 draft budget bill on Wednesday, Feb. 10; 3) EU leaders meet for a one-day economic summit in Brussels on Thursday, Feb 11.
· Treasuries - will auction $40 billion in three-year notes on Feb. 9, $25 billion in 10-year notes Feb. 10 and $16 billion in 30-year bonds Feb. 11 – Bloomberg
· Chinese New Year - February 14 will mark the first day of the Chinese New Year.
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