Evening Market Recap - Tuesday, 06-Feb

US equities finished higher in Tuesday trading following Monday's lower finish, staging a bit of a rally into the close after spending much of the session little changed. Rate stabilization the big focus today following latest bout of Fed pivot repricing on the back of payrolls, Powell, and ISM services. No meaningful spillover for risk assets from big China bounce, though not surprising given longstanding stimulus skepticism. Today's 3Y note auction was well received, firming Treasuries and helping reverse some recent weakness.