07/06 $Benchmark Energy Transfer LP 30NC5 6.87%, 30NC10 7.12%a
07/06 $Benchmark US Steel 5Y, 10Y investor calls
Expected Tuesday:
07/07 $Benchmark Republic of Italy 5Y, 10Y, 30Y
US TSYS: Post-ISM Data React
Jul-06 14:06
Treasuries extend session lows after latest ISM data: Services decline - but in line with estimates, New Orders retreats more than estimated while Service Employment comes out higher than estimated.
TYU6 down to 109-18 (-.5) before bouncing to 109-19 (+.5). First key support to watch remains 109-06, the Jun 22 low. Clearance of this level would be bearish.
Projected rate hike pricing firms slightly vs. early morning levels (*): Jul'26 at +6bp, Sep'26 at +16.6bp (+16.1bp), Oct'26 at +21.5bp 20.4bp), Dec'26 +30.6bp (+29bp).