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Market Brief – Tuesday 1/11/22

Stocks were down slightly in overnight trading but investors were back hitting the buy button as stocks rose in early trading. Treasury yields fell slightly in overnight trading and were heading lower ahead of today’s 3-year Treasury Note auction.

The NFIB Small Business Optimism Index rose slightly to 98.9 in December from 98.4 last month.

Today’s $52 billion 3-year Treasury Note auction was met with strong demand as foreign bidders took 22.8% of the auction and domestic bidders took 15.5% of the auction, leaving securities dealers with 61.6% of the auction.

Stocks closed higher and Treasury yields lower on the day.