TURKEY: CBRT Release Summary Document of October MPC Meeting

Oct-31 11:04

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* CBRT Summary of MPC October Meeting: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Men...

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MNI: US MBA: MARKET COMPOSITE -12.7% SA THRU SEP 26 WK

Oct-01 11:00
  • MNI: US MBA: MARKET COMPOSITE -12.7% SA THRU SEP 26 WK

US TSYS: Closed Until Further Notice

Oct-01 10:58
  • US Government closed until further notice. First closure since Pres Trump's first term from Dec 22, 2018 to Jan 25, 2019. An estimated 750,000 federal employees expected to be furloughed according to Congressional Budget Office (CBO) based on federal agencies' contingency plans.
  • Most of today's data will be released as scheduled as most provided by private sector. Exception: US Census Bureau's Construction Spending delayed until government reopens. Friday's employment report will be suspended as well, according to the BLS.
  • The BLS plans to "suspend all operations. Economic data that are scheduled to be released during the lapse will not be released. All active data collection activities for BLS surveys will cease. The BLS website will not be updated with new content or restored in the event of a technical failure during a lapse." LINK
  • Treasuries are trading steady to modestly mixed w/ Bonds lagging 5s-10s: Tsy Dec'25 10Y contract (TYZ5) currently trades at 112-17 (+1) on average cumulative volumes of 275k. 10Y yield at 4.1503% (+.0000). Curves twist steeper: 2s10s +.807 at 54.798, 5s30s +2.462 at 101.31.
  • A short-term bear cycle in Treasury futures remains in play. Recent weakness has resulted in a print below the 50-day EMA, currently at 112-10+. A clear break of this average would undermine a bull theme and signal scope for a deeper retracement. This would open 111-13+, the Aug 18 low and the next key support. On the upside, initial firm resistance to watch is unchanged, at 113-00, the Sep 24 high.
  • Economic Data: MBA Mortgage Applications (0700ET), ADP Employment Change (0815ET), S&P Global US Manufacturing PMI (0945ET) and ISMs (1000ET).
  • Treasury Auctions: $67B 17W bills at 1130ET.
  • Fedspeak: Richmond Fed Barkin moderated discussion on economy (text) (1215ET), Chicago Fed Goolsbee radio interview Marketplace (1700ET).
  • Politics: WH Press Sec Leavitt briefing (1300ET). President Trump to sign executive orders (1630ET) - closed to press. Expect to see social media posts from President Trump, however.

MNI EXCLUSIVE: French Government Officials on 2026 Budget Deal Chances

Oct-01 10:54
  • French government officials comment on chances for a deal on a 2026 budget -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com