FED: Trump Continues To Lament Powell's Preferences
Aug-01 12:10
U.S. President Trump posts the following to Truth Social "STRONG DISSENTS ON FED BOARD. IT WILL ONLY...
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UK: Sell Off In Gilts & GBP Stalls As Reeves Has Starmer's Full Support
Jul-02 12:08
Gilts and GBP stabilise off of lows as UK PM Starmer’s Press Secretary notes that Chancellor Reeves has the PM’s “full support”, per RTRS headlines.
US TSY FUTURES: Extending Lows Ahead June ADP Employ Data
Jul-02 12:06
- Treasury futures are extending lows ahead of the June ADP data at 0815ET (+98k expected, up from +37k in May).
- Currently, Sep'25 10Y trades -9 at 111-18.5 (111-18.5L / 111-30.5H).
- First key support to watch is 111.07+, the 20-day EMA.
- Curves steeper: 2s10s +2.831 at 49.554; 5s30s +2.655 at 95.419.
- Cross asset: Bbg US$ index climbing to 1192.26 (+2.75), stocks flat SPX eminis +0.0 at 6248.75), crude firmer (WTI +0.86 at 66.31), Gold firmer at 3342.23.
CROSS ASSET: UK Fiscal Fears Impacting Wider Markets
Jul-02 12:03
UK fiscal matters have impacted wider markets in recent history and growing worry seems to be driving things here, USD bid as a result (GBP under the most pressure in FX trade), while core global FI markets come under fresh pressure.
