In the marketplace, there is a lack of strong movement among drivers. Today, several representatives of the Federal Reserve will speak, including #Michel_Bouman, who will justify the necessity of maintaining the current level of interest rates, hence, in our opinion, there will be no new signals in his remarks. Concerns about the situation in the labor market (active wage growth) and the fear of a gradual decrease in inflation compel us to expect a postponement of monetary policy tightening until at least May. We believe that this risk has already been priced in by the market. Yesterday, treasury yields returned to the 4.1% level after a ten-year hiatus. Today, they will be in focus with the next move from the Treasury Department. Among the notable statistical data, we emphasize the weekly information on oil reserves and the dynamics of the mortgage market, as well as the announcement of the external trade balance for December, which gradually decreased to -63.2 billion dollars and reached in November.