Treasuries are marginally higher than Friday at the opening of today’s session. The yield on the UST10-Year is currently at 2.886% after closing at 2.895% during the prior session.
Today, the U.S. Treasury Department is scheduled to auction $96 Billion in T-bills, $28 Billion in 3-Year notes and $21 Billion in 10-Year notes, starting at 8:30 AM (PT).
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The economic calendar today only features the Monthly Budget Statement for February at 11:00 AM (PT). Estimates point to a -$216 Billion deficit, which represents a wider gap than its previous -$192 Billion mark. The calendar continues tomorrow with Consumer Price Index measures for February and Hourly & Weekly Earnings. The rest of the week features MBA Mortgage Applications, Retail Sales, Producer Price Index, Imports & Exports, Initial & Continuing Jobless Claims and Manufacturing Activity.
Today, the U.S. Treasury Department is scheduled to auction $96 Billion in T-bills, $28 Billion in 3-Year notes and $21 Billion in 10-Year notes, starting at 8:30 AM (PT).
The curve has bull-flattened with the UST 10-Year yield down 0.9 bp from prior closing.