US: Voters Increasingly Back Democrats On Reducing Energy Costs

Feb-11 18:19

A new Politico survey has found that, “Slightly more Americans think Democrats, not Republicans, are the party most committed to reducing energy prices.” The outlet describes the results as, “yet another sign of potential trouble for President Donald Trump and the GOP on the issue of affordability.”

  • Politico notes, “While far short of a majority, the edge for Democrats on the question is striking given the decades that surges in fuel costs have tormented nearly every Democratic president since Jimmy Carter, giving Republicans a message to hammer at election time. As recently as late 2024, polls showed most voters trusting Trump over Kamala Harris to shepherd the economy.”
  • The report adds, “The results revealed a schism between Trump hardliners — self-identified “MAGA Trump” — and those who support the president but don’t consider themselves part of the Make America Great Again base. Sixty-nine percent of “MAGA Trump” voters said Republicans cared more than Democrats about reducing energy costs, compared with 34 percent of non-MAGA Trump voters.”

Figure 1: “Percentage of respondents, split by their intended midterm party vote, and which party they think wants to protect households from rising energy costs”A graph of a republican

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Source: Politico

Historical bullets

US: Trump Social Media Post on Supreme Court Tariff Ruling

Jan-12 18:18
  • @realDonaldTrump:
  • "The actual numbers that we would have to pay back if, for any reason, the Supreme Court were to rule against the United States of America on Tariffs, would be many Hundreds of Billions of Dollars, and that doesn’t include the amount of “payback” that Countries and Companies would require for the Investments they are making on building Plants, Factories, and Equipment, for the purpose of being able to avoid the payment of Tariffs. When these Investments are added, we are talking about Trillions of Dollars! It would be a complete mess, and almost impossible for our Country to pay. Anybody who says that it can be quickly and easily done would be making a false, inaccurate, or totally misunderstood answer to this very large and complex question. It may not be possible but, if it were, it would be Dollars that would be so large that it would take many years to figure out what number we are talking about and even, who, when, and where, to pay. Remember, when America shines brightly, the World shines brightly. In other words, if the Supreme Court rules against the United States of America on this National Security bonanza, WE’RE SCREWED!"

US TSYS/SUPPLY: Review 10Y Auction Re-Open: Stops Through

Jan-12 18:07
  • Treasury futures are still mildly mixed - but are trying to move higher (TYH6 steady to +.5 at 112-07.5, yld 4.1713%) after the $39B 10Y note auction re-open (91282CPJ4) stops through: drawing 4.173% high yield vs. 4.179% WI; 2.55x bid-to-cover steady vs. prior.
  • Peripheral stats: indirect take-up to 69.65% vs. 70.24% prior; direct bidder take-up 24.51% from 20.96% prior; primary dealer take-up retreats to 5.85% vs. 8.81% prior.
  • The next 10Y auction is tentatively scheduled for February 12.

FED: US TSY 9Y-10M NOTE AUCTION: HIGH YLD 4.173%; ALLOTMENT 93.91%

Jan-12 18:02
  • US TSY 9Y-10M NOTE AUCTION: HIGH YLD 4.173%; ALLOTMENT 93.91%
  • US TSY 9Y-10M NOTE AUCTION: DEALERS TAKE 5.85% OF COMPETITIVES
  • US TSY 9Y-10M NOTE AUCTION: DIRECTS TAKE 24.51% OF COMPETITIVES
  • US TSY 9Y-10M NOTE AUCTION: INDIRECTS TAKE 69.65% OF COMPETITIVES
  • US TSY 9Y-10M AUCTION: BID/CVR 2.55