Treasuries are marginally lower the curve this morning from Friday's close. The UST10-Year yield is currently at 2.880% after closing at 2.874% prior.
Treasuriesclimbed higher overnight and into the open before paring some of its gains as geopolitical concerns on the ongoing economic crisis in Turkey resumed. Investors continue to weigh in the possible effects that Turkey's economic situation could have on global markets. Fear of emerging-markets contagion has U.S. Stocks mixed while the dollar advanced. There are no economic reports available today, so the markets will likely continue to focus on geopolitical headlines.
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Treasuries climbed higher overnight and into the open before paring some of its gains as geopolitical concerns on the ongoing economic crisis in Turkey resumed. Investors continue to weigh in the possible effects that Turkey's economic situation could have on global markets. Fear of emerging-markets contagion has U.S. Stocks mixed while the dollar advanced. There are no economic reports available today, so the markets will likely continue to focus on geopolitical headlines.
This week's economic calendar will begin with Tuesday's July NFIB Small Business Optimism and Import and Export Price Index for July. Wednesday will consist of the July Retail Sales, Industrial Production and Capacity Utilization, as well as the August Empire Manufacturing print. On Thursday, we will receive the Housing Starts and Building Permits for July. Then on Friday we will have the Leading Index for July as well as the University of Michigan Sentiment for August. The 2Q Mortgage Delinquencies and MBA Mortgage Foreclosures are also scheduled to be released throughout the week.
The curve has bear-flattened with the UST 10-Year yield up 0.6 bp from prior closing.