CANADA DATA: Canada June Payroll Employment -32.9K Led by Manufacturing

Aug-28 12:49

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* June payroll employment -0.2% MOM or -32.9K, according to StatsCan's secondary payrolls report ou...

Historical bullets

US TSY FUTURES: US Tnotes look to test Friday's high

Jul-29 12:48
  • There's still way below average Volumes in Treasuries, but some pick up in sizes have gone through in the past 10 minutes or so with circa 35k in that period.
  • Friday's high in TYU5 is at 11.03, but seeing better around 111.05 initially.
  • In Yield terms, next support only comes at 4.30%, Today would equate to 111.16+.

PIPELINE: Corporate Bond Roundup: $2B NextEra Energy 2Y on Tap

Jul-29 12:47
  • Date $MM Issuer (Priced *, Launch #)
  • 07/29 $2B NextEra Energy 2Y +95a
  • 07/29 $Benchmark Sherwin Williams 3% +75a, 5Y +90a, 10Y +110a
  • $19.84B Priced Monday, largely tied to $12B Mexico 5Y issuance

US TSYS: Post-Advance Goods/ Wholesale Inventories React

Jul-29 12:36
  • Treasury futures holding near early session highs, little react to Advance Goods Trade Balance, import decline and less negative goods export. Wholesale inventories slightly higher than expected, retail inventories in-line.
  • Tsy Sep'25 10Y contract trades +7.5 at 111-00 vs. 111-00.5 high; initial technical resistance above at 111-14.5 (High Jul 22). Key support remains intact at 110-08+, the Jul 14 and 16 low. A move through this support would reinstate a bearish theme.
  • Curves flatter: 2s10s -0.168 at 47.617, 5s30s -1.984 at 96.721.
  • Cross asset: Bbg US$ index near recent high: BBDXY +3.65 at 1211.75; stocks mildly higher (SPX eminis +13.5 at 6436.25); gold firmer +5.95 at 3320.56.