Treasuries are lower than Friday at the opening of today’s session. The yield on the UST10-Year is currently at 2.862% after closing at 2.845% during the prior session.
Further, Atlanta Fed President Bostic is scheduled to speak today on Community Reinvestment Act at a conference in Miami; while the Federal Reserve’s FOMC is scheduled to meet on Wednesday, March 21 to determine if current economic data warrant further increases to the Fed Funds Target Rate.
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The first releases of this week’s economic calendar are scheduled to come in on Wednesday, when MBA Mortgage Applications, Current Account Balance and Existing Home Sales will be featured. The calendar continues on Thursday with Initial and Continuing Jobless Claims, House Price Index and Markit Manufacturing; and concludes on Friday with New Home Sales, Capital Goods and Durable Goods Orders.
Further, Atlanta Fed President Bostic is scheduled to speak today on Community Reinvestment Act at a conference in Miami; while the Federal Reserve’s FOMC is scheduled to meet on Wednesday, March 21 to determine if current economic data warrant further increases to the Fed Funds Target Rate.
The curve has bear-flattened with the UST 10-Year yield up 1.7 bps from prior closing.