Indexes sitting near the lows of the day w/10 year yield hovering around 2.72% and VIX near 15 and off its high of the day. Tilting between contango and backwardation still on m1/m2. Might get some equity buying coming, but not certain of how the close will look as we ended at lows of session yesterday. Maintain liquidity and be prepared to deploy capital if the close looks good. State of Union Address tonight is assumed to highlight GOPs infrastructure plans.