US CBO estimates January budget deficit at USD 94bln (prev. USD 143bln)
The US Congressional Budget Office's estimate of a January budget deficit at USD 94 billion, down from USD 143 billion, suggests a more favorable fiscal outlook than previously anticipated.
Target (TGT) reportedly boosting investment in store staffing to help fix customer experience but will cut c. 500 other roles in the process, via CNBC
TREASURY WRAP: T-NOTE FUTURES (H6) SETTLE 2+ TICKS HIGHER AT 112-06
US CBO estimates January budget deficit at USD 94bln (prev. USD 143bln)
BoE's Mann says not much trade diversion from China to the UK; Import prices are a positive contribution to UK CPI
UK PM Starmer tells Labour MPs that he is "not prepared to walk away" from power or "plunge us into chaos" as previous prime ministers have done, according to Guardian's Crerar
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This improvement could influence investor sentiment towards USD strength and affect rate expectations, as a smaller deficit may reduce concerns over long-term sustainability and fiscal pressure. Overall, markets may react positively, particularly in the context of Treasury yields and USD movements.
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