Treasuries are lower than yesterday at the opening of today’s session. The yield on the UST10-Year is currently at 2.767% after closing at 2.731% during the prior session.
Today, Minneapolis Fed President Kashkari speaks at a regional economic forum in Minnesota; while Fed Governor Brainard speaks on financial stability at NYU.
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The economic calendar for today will feature the Wards Domestic Vehicle Sales and Wards Total Vehicle Sales later in the day. It will continue tomorrow with MBA Mortgage Applications, ADP Employment, Factory Orders and Markit Services PMI. Later in the week we will receive news on Challenger Job Cuts, Initial and Continuing Jobless Claims, Trade Balance and Non-Farm Payrolls.
Today, Minneapolis Fed President Kashkari speaks at a regional economic forum in Minnesota; while Fed Governor Brainard speaks on financial stability at NYU.
The curve has bear-steepened with the UST 10-Year yield up 3.6 bps from prior closing.