• Tsy futures are extending highs ahead the NY open, Jun'24 10Y futures through initial technical resistance of 108-10 (20-day EMA) to 108-15 (+3.5), Block buy of 5,000 FVM4 at 105-14 (+1) contributing.
  • No other obvious headline trigger as markets await the latest employment data covering April (+240k est vs. 303k prior; Bbg whisper at 244k).
  • Lighter volumes with Japan out for holiday through next Monday, UK and Ireland closed Monday for May Day holiday could add to volatility post data.
  • Following NFP: S&P Global US Services/Composite PMIs at 0945ET, ISM Services at 1000ET.
  • Scheduled Fed speak: Chicago Fed Pres Goolsbee Bbg TV interview at 0930ET, Chicago Fed Goolsbee and NY Fed Williams panel discussion (text, Q&A) later this evening at 1945ET.

US TSYS: What to Watch: Headline Employ Data, Fed Speak, Services/Comp PMIs, ISM

Last updated at:May-03 12:04By: Bill Sokolis
  • Tsy futures are extending highs ahead the NY open, Jun'24 10Y futures through initial technical resistance of 108-10 (20-day EMA) to 108-15 (+3.5), Block buy of 5,000 FVM4 at 105-14 (+1) contributing.
  • No other obvious headline trigger as markets await the latest employment data covering April (+240k est vs. 303k prior; Bbg whisper at 244k).
  • Lighter volumes with Japan out for holiday through next Monday, UK and Ireland closed Monday for May Day holiday could add to volatility post data.
  • Following NFP: S&P Global US Services/Composite PMIs at 0945ET, ISM Services at 1000ET.
  • Scheduled Fed speak: Chicago Fed Pres Goolsbee Bbg TV interview at 0930ET, Chicago Fed Goolsbee and NY Fed Williams panel discussion (text, Q&A) later this evening at 1945ET.

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