Treasuries are slightly higher across the curve from Friday’sclose. The UST10-Year yield is currently at 2.378% after closing at 2.386% prior.
A busy week of economic data began with this morning’s Markit US Manufacturing PMI, which came in slightly lower at 53.30 versus 53.40 prior. ISM Manufacturing survey came in as expected at 57.20, slipping from 57.70 in February. Construction SpendingMoM rose 0.80% in February, erasing a 1.00% drop in January.
There are two scheduled Fed Speaks today, including NY Fed President Bill Dudley, who will discuss the U.S. household debt at 7:30 AM (PT), and Philly Fed President Harker, who will speak about Fintech at 12:00 PM (PT).
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A busy week of economic data began with this morning’s Markit US Manufacturing PMI, which came in slightly lower at 53.30 versus 53.40 prior. ISM Manufacturing survey came in as expected at 57.20, slipping from 57.70 in February. Construction Spending MoM rose 0.80% in February, erasing a 1.00% drop in January.
The remainder of this week’s economic calendar consists of Tuesday’s Factory and Durable Goods Orders, Wednesday’s ADP Employment Change and the release of the FOMC minutes, Thursday’s Initial and Continuing Claims, and lastly, the Nonfarm Payrolls for the month of March on Friday.
There are two scheduled Fed Speaks today, including NY Fed President Bill Dudley, who will discuss the U.S. household debt at 7:30 AM (PT), and Philly Fed President Harker, who will speak about Fintech at 12:00 PM (PT).
The curve has bull-flattened with the UST 10-Year down 0.8 bp from prior closing.