Treasuriesare higher across the curve this morning from yesterday’s close. The UST10-Year yield is currently at 2.618% after closing at 2.651% prior.
Yesterday the partial government shutdown ended after Congress passed another continuing resolution to fund the government through February 8th. With another quiet economic calendar day to start the week, we only received the Richmond Fed Manufacturing Index this morning which came in below expectations at 14.00 versus 19.00 per consensus, and also below its prior reading mark of 20.00.
Later today at 8:30 AM (PT), U.S. Treasurywill sell $35 Billion 4-week Bills. Then at 10:00 AM (PT), it will auction $26 Billion 2-Year Notes. The remainder of this week’s calendar consists of Wednesday’sFHFA House Price Index for November and Existing Home Sales data for December, Thursday’sWholesale and Retail Inventories for December and New Home Sales data for December, and Friday’s 4Q Advance GDP prints and Durable Goods Orders for December.
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Yesterday the partial government shutdown ended after Congress passed another continuing resolution to fund the government through February 8th. With another quiet economic calendar day to start the week, we only received the Richmond Fed Manufacturing Index this morning which came in below expectations at 14.00 versus 19.00 per consensus, and also below its prior reading mark of 20.00.
Later today at 8:30 AM (PT), U.S. Treasury will sell $35 Billion 4-week Bills. Then at 10:00 AM (PT), it will auction $26 Billion 2-Year Notes. The remainder of this week’s calendar consists of Wednesday’s FHFA House Price Index for November and Existing Home Sales data for December, Thursday’s Wholesale and Retail Inventories for December and New Home Sales data for December, and Friday’s 4Q Advance GDP prints and Durable Goods Orders for December.
The curve has bull-flattened with the UST 10-Year yield down 3.3 bps from prior closing.