US DATA: Sen Warren: BLS Has Payrolls Data Ready, Should Release On Time
Oct-02 17:19
CNN cites Democratic Sen Elizabeth Warren in an exclusive reporting that "Employees furloughed at the BLS have told Warren’s office the September labor data has been collected and is likely ready to be released".
- Warren told CNN in a statement: “Let’s be clear: the jobs data scheduled to come out this Friday has undoubtedly been collected and the President must release it." “Without it, the Federal Reserve will not have the full picture it needs to make decisions this month about interest rates that will impact every family across the country.”"
- CNN writes that "Warren sent a letter on Tuesday to William Wiatrowski, the acting commissioner of the BLS, and Russ Vought, Trump’s budget chief, requesting the jobs report get released on Friday as previously scheduled. “While the data has been processed and there was time to prepare for the data’s release in the event of a government shutdown, the Administration is choosing not to release Friday’s jobs report,” Warren wrote in a letter shared with CNN."
- Even if it's true that the data is ready to be published (as seen above, the term reportedly used by the cited furloughed BLS employees is "likely"), it's doubtful the administration will respond favorably to a request from Sen Warren, and there is no sign that the BLS is preparing to publish before the shutdown is over. As such MNI would highly doubt there is any chance the payrolls data gets released Friday.
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FED: US TSY 52W BILL AUCTION: HIGH 3.660%(ALLOT 2.81%)
Sep-02 17:02
- US TSY 52W BILL AUCTION: HIGH 3.660%(ALLOT 2.81%)
- US TSY 52W BILL AUCTION: DEALERS TAKE 15.46% OF COMPETITIVES
- US TSY 52W BILL AUCTION: DIRECTS TAKE 2.30% OF COMPETITIVES
- US TSY 52W BILL AUCTION: INDIRECTS TAKE 82.24% OF COMPETITIVES
- US TSY 52W AUCTION: BID/CVR 3.82
EURUSD TECHS: Corrective Pullback
Sep-02 17:00
- RES 4: 1.1851 High Sep 10 2021
- RES 3: 1.1829 High Jul 01 and the bull trigger
- RES 2: 1.1789 High Jul 24
- RES 1: 1.1743 High Aug 22
- PRICE: 1.1663 @ 16:03 BST Sep 2
- SUP 1: 1.1574/1.1528 Low Aug 27 / Low Aug 5
- SUP 2: 1.1392 Low Aug 1 and bear trigger
- SUP 3: 1.1373 Low Jun 10
- SUP 4: 1.1313 Low May 30
Despite Tuesday’s sell-off in EURUSD, the trend set-up remains bullish and weakness is considered corrective. Note that the pair has recently pierced key support around the 50-day EMA, currently at 1.1611. A clear break of the average would signal scope for a deeper retracement and potentially expose key medium-term support at 1.1392, Aug 1 low. Key resistance and the bull trigger is 1.1829, Jul 1 high. A breach would resume the primary uptrend.
PIPELINE: Corporate Bond Update: Supply Blizzard Getting Underway
Sep-02 16:51
- Date $MM Issuer (Priced *, Launch #)
- 09/02 $1.75B #Sumitomo Mitsui $750M 3Y SOFR+75, $500M 5Y +65, $500M 11NC10 +115
- 09/02 $1.5B #ING PerpNC7 7.0%
- 09/02 $1B #Norinchukin $500M 5Y +93, $500M 10Y +108
- 09/02 $2B AIIB WNG 5Y SOFR +34a
- 09/02 $Benchmark Merck 2Y +45a, 2Y SOFR, 5Y +70a, 7Y +80a, 10Y +90a, 30Y +100a
- 09/02 $Benchmark CIBC 3NC2 +80a, 3NC2 SOFR, 6NC5 +100a, 6NC5 SOFR
- 09/02 $Benchmark Jersey Central Power +3Y +55, +5Y +70, +10Y +90
- 09/02 $Benchmark MUFG 6NC5 +105a, 11NC10 +120a, PerpNC10 6.875a
- 09/02 $Benchmark Volkswagen Grp of AM 2Y +110a, 3Y +120a, 5Y +135a
- 09/02 $Benchmark Royalty Pharma +5Y +93, 10Y +118, 30Y +128
- 09/02 $Benchmark Kingdom of Saudi Arabia Sukuk 5Y +95a, 10Y +105a
- 09/02 $Benchmark Mitsubishi 3Y +65a, 3Y SOFR, 5Y +75a, 10Y +90a
- 09/02 $Benchmark Cigna 5Y +105a, 7Y +115a, 10Y +125a, 30Y +140a
- 09/02 $Benchmark American Honda 3Y +85a, 3Y SOFR, 5Y +100a
- 09/02 $Benchmark BHP Billiton Finance +10Y +77, 30Y +83
- 09/02 $Benchmark Toyota Cr 3Y +70a, 3Y SOFR, 7Y +95a
- 09/02 $Benchmark Brazil 11/30 tap 5.25%, 30Y +7.55%
- 09/02 $Benchmark Credit Agricole PerpNC10 7.5%a
- 09/02 $Benchmark Nomura 10.75NC5.75 +160a
- 09/02 $Benchmark Jackson National Life 5Y +105a
- 09/02 $Benchmark Ford Motor Cr 5Y +198
- 09/02 $Benchmark Antofagasta 10Y +175a
- 09/02 $Benchmark Ares Capital +5Y +160
- 09/02 $Benchmark HSBC 11NC10 +147
- 09/02 $Benchmark Guardian Life 3Y, 7Y
- 09/02 $Benchmark OKB 5Y SOFR+46a
- 09/02 $500M #Orix Corp 5Y +75
