FED: US TSY 17W AUCTION: NON-COMP BIDS $538 MLN FROM $69.000 BLN TOTAL
Apr-29 15:15
* US TSY 17W AUCTION: NON-COMP BIDS $538 MLN FROM $69.000 BLN TOTAL...
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FED: US TSY 26W AUCTION: NON-COMP BIDS $1.557 BLN FROM $77.000 BLN TOTAL
Mar-30 15:15
- US TSY 26W AUCTION: NON-COMP BIDS $1.557 BLN FROM $77.000 BLN TOTAL
FED: Powell Commentary Suggests FOMC Leadership Retains Slight Easing Bias
Mar-30 15:10
It's been almost 2 weeks since the last FOMC decision/Powell press conference - thus with 2 weeks more of the Middle East war having passed, if Powell felt like there was a need to tweak communications in a more hawkish direction to help dampen/anchor inflation expectations, he would have done so.
- As such it sounds like not much has changed in Fed leadership's "wait and see" attitude, and implied slight easing bias, on the basis of his comments.
- We might get some more signals from NY Fed Pres Williams later today (4pm ET), but he's usually even more reserved in his views on current rates than Powell.
US TSYS: Extending Highs as Chairman Powell Discusses Inflation
Mar-30 14:59
- Treasury futures continue to extend highs, latest move in a delayed response to Fed Chairman Powell discussing current risks to both side of dual mandate while holding to opinion that policy is in a good position to be patient.
- TYM6 currently +24 at at 110-29 (110-04 low / 110-29.5 high), 10Y yield 4.3343% (-.0934), firm resistance is seen at 111-12+, the 20-day EMA. Short-term gains would be considered corrective and allow the oversold condition to unwind.
- Cross asset: US$ has pared gains, Bbg US$ index BBDXY +2.41 at 1221.58 vs. 1223.02 high; stocks firmer, off morning lows: SPX eminis +30. at 6441.0 at +28.75.
