US: Bloomberg Whisper Tracking Above Consensus Ahead Of Payrolls
Jun-02 12:16
- Ahead of the payrolls release at 0830ET, BBG consensus is still 195k with the whisper higher at 225k having climbed after yesterday's ADP private employment beat.
- Private payrolls consensus has crept up 4k to 168k.
- Final re-upping of the MNI Preview: https://roar-assets-auto.rbl.ms/files/53270/USNFPJun2023Preview.pdf
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US TSYS: What to Watch: ADP Private Employ Data Up Next
May-03 12:11
- Aside from this afternoon's FOMC policy announcement, early attention on ADP Employer Services data in a few minutes (estimated +148k jobs gain vs. +145k prior) ahead Friday's non-farm payrolls data.
- Midmorning data includes S&P Global US Services/Composite PMIs at 0945ET and ISM Services data at 1000ET.
- FOMC announcement at 1400ET followed by Chairman Powell's press conference to discuss the policy announcement.
- A 25bp increase in May to a 5.00-5.25% funds rate target range could mark the final hike in the Fed’s tightening cycle, which began 475 basis points ago in March 2022.
STIR: Repo Reference Rates
May-03 12:02
- Secured Overnight Financing Rate (SOFR): 4.81%, $1.537T
- Broad General Collateral Rate (BGCR): 4.78%, $565B
- Tri-Party General Collateral Rate (TGCR): 4.78%, $556B
- (rate, volume levels reflect prior session)
GILT PAOF RESULTS: The PAOF for the 3.50% Oct-25 gilt was not taken up
May-03 12:02
- A total of GBP1.0bln had been available.
- This leaves GBP12.94bln of the gilt in issue.
