US TSYS: Modestly Richer Ahead Of Payrolls, ISM Services and first Fedspeak
Feb-03 11:45
- Cash Tsys sit modestly richer on the day and also from Wednesday’s post-FOMC close, with yields within yesterday’s ECB-induced ranges. Data is firmly in focus with payrolls and additional attention on ISM services after last month’s largest miss since 2008 and the service sector caught up with manufacturing weakness at a much faster pace than expected.
- 2YY -1.9bp at 4.085%, 5YY -1.4bp at 3.474%, 10YY -0.8bp at 3.385%, 30YY -0.8bp at 3.537%. 2s10s are within recent ranges at -70bps.
- TYH3 trades just half a tick higher at 115-18 on modestly below average volumes. Yesterday’s highs of 116-00 pushed the contract closer to key resistance at the bull trigger of 116-08 (Jan 19 high).
- Data: Payrolls, Jan (0830ET), S&P Global Service PMI, Jan final (0945ET) and ISM services, Jan (1000ET)
- Fedspeak: Daly, ’24 voter (1430ET)
- No issuance
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MNI EXCLUSIVE: Assessing The Chances Of A Proposed EU Sovereignty Fund
Jan-04 11:24
MNI assesses the chances of a proposed EU Sovereignty Fund --On MNI Policy MainWire now, for more details please contact sales@marketnews.com
AUD: Continues to gain
Jan-04 11:22
- AUD continues to extend against the NZD and the EUR.
- AUDNZD resistance is still at 1.0900.
- EURAUD sees support at 1.5400, followed by 1.53665.
- AUDUSD resistance is at 0.6884/6893 High Jan 4 / High Dec 13 and the bull trigger.
LOOK AHEAD: Wednesday Data Calendar: FOMC Minutes, ISMs, Tsy 17W Bill Sale
Jan-04 11:11
- US Data/Speaker Calendar (prior, estimate)
- Jan-4 0700 MBA Mortgage Applications
- Jan-4 1000 ISM Employment (48.4, --); ISM Mfg (49.0, 48.5)
- Jan-4 1000 ISM New Orders (47.2, --); Prices Paid (43.0, 42.9)
- Jan-4 1000 JOLTS Job Openings (10.334M, 10.050M)
- Jan-4 1130 US Tsy $33B 17W bill auction
- Jan-4 1400 FOMC Dec Meeting Minutes
