Treasuries are higher than yesterday at the opening of today's session. The yield on the UST10-Year is currently at 2.841% after closing at 2.862% during the prior session.
The economic calendar for today features Personal Income for January, which rose 0.40%, matching prior mark and slightly above survey of 0.30%; Personal Spending for January, which rose 0.20%, matching survey but dropping from its 0.40% prior; and Real Personal Spending for January, which reflected a -0.10%, matching survey and lower from its previous 0.20% revised. Also in today, Initial Jobless Claims for the week ended February 24 reached 210k, lower than the 225k estimated and dropping from its previous 220k revised; while Continuing Claims for the week ended February 17 reached 1931k, above survey of 1925k and rising from its previous 1874k revised. Finally, forecast Markit Manufacturing PMI for February reflected 55.30, versus estimates and prior mark of 55.90; while Bloomberg Consumer Comfort for the week ended February 25 registered 56.20 down from 56.60 prior.
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The economic calendar for today features Personal Income for January, which rose 0.40%, matching prior mark and slightly above survey of 0.30%; Personal Spending for January, which rose 0.20%, matching survey but dropping from its 0.40% prior; and Real Personal Spending for January, which reflected a -0.10%, matching survey and lower from its previous 0.20% revised. Also in today, Initial Jobless Claims for the week ended February 24 reached 210k, lower than the 225k estimated and dropping from its previous 220k revised; while Continuing Claims for the week ended February 17 reached 1931k, above survey of 1925k and rising from its previous 1874k revised. Finally, forecast Markit Manufacturing PMI for February reflected 55.30, versus estimates and prior mark of 55.90; while Bloomberg Consumer Comfort for the week ended February 25 registered 56.20 down from 56.60 prior.
The curve has bull-flattened with the UST 10-Year yield down 2.1 bps from prior closing.