A reminder that the CME/CBOE exchange floors and Globex closed Friday, March 29 for the Good Friday/Easter holiday. Regular hours Thursday (despite SIFMA recommending an early close at 1400ET).
Note that despite the close, several data points will be released Friday at 0830ET: Personal Income/Spending, Retail/Wholesale Inventories, Real Personal Spending, PCE Deflators and Advance Goods Trade Balance. Kansas City Fed Services Activity at 1100ET.
Sunday Globex re-open at 1800ET precedes normal session hours Monday. The trading schedules for the major U.S. markets can be found below:
US TSYS: What to Watch: New Home Sales, Dallas Fed Mfg, Tsy Auctions
Feb-26 13:41
Treasury futures trading mildly higher in early NY trade, inside the overnight range on heavy volume (TYH4>1.6M already) tied to the quarterly futures roll with Jun'24 taking lead this Thursday.
Data limited to New Home Sales at 1000ET followed by Dallas Fed Mfg Activity at 1030ET.
Spate of Treasury supply ahead month end: $63B 2Y note and $70B 26W bill auctions at 1130ET, followed by $64B 5Y Note and $79B 13W bills auctions at 1300ET.
Heavy corporate issuance expected again after last week saw just over $73B price (Abbvie, Cisco and Astrazeneca making up $33B).
Scheduled Fed speak limited to Kansas City Fed President Schmid, economic/policy outlook, text, Q&A, livestreamed later this evening at 1940ET.
Punchbowl News notes a partial government shutdown will occur at midnight Friday if lawmakers don’t act on annual spending bills, with a full government shutdown possible on March 8. President Joe Biden’s State of the Union is March 7. Same date for Fed Chairman Powell's semi-annual policy update to the Senate banking committee.
MNI EXCLUSIVE: MNI Interviews Swedish NDO's Head of Debt Management
Feb-26 13:35
MNI interviews the Swedish National Debt Office’s head of debt management - On MNI Policy MainWire now, for more details please contact sales@marketnews.com
EQUITIES: US Emini is back in the green
Feb-26 13:35
US Emini is back at flat for the session, but very range bound on limited volumes, as Real Money mostly sit on the sidelines ahead of a packed Week.
The Contract high printed on Friday is still further out, to 5123.00.
Looking at Cash and at current level, SPX will also be short of its record high of 5111.06 printed on Friday, when it opens in an hour.
Tech stock, sees NVIDIA up 1.19% pre open, but under the 800.00 handle.