Market Brief – Monday 1/3/22

Stocks started the day higher and were up slightly in early trading. Treasury yields also started the day higher and were aggressively sold in early trading sending 30-year Treasury yields back above 2%.

The Markit Manufacturing PMI expanded at a slower rate to 57.7 in December from 58.3 last month.

Stocks held on to their gains to close higher on the day and Treasury yields also closed higher as buyers were nowhere to be found.