The UST10-Year yield is at 1.740% this morning after closingat 1.720% on Friday.
Treasury yields are sharply up this morning on the strength of the US Dollar and comments by Fed Bank of Chicago President Charles Evans who noted that Fed policy may soon be changing. Shorter term rates are also on the rise as the UST2-Year yield is up 4 bps to 0.870%, the highest yield since early June. Investors will get more insight on the Fed's thinking tomorrow when the minutes from the September FOMC meeting are released.
Today's economic data is light with NFIB Small Business Optimism coming in at 94.10 vs. 95.00 expected. For the rest of the week we have MBA Mortgage Applications and Fed minutes tomorrow, Jobless claimson Thursday and Retail Sales and PPIon Friday.
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Treasury yields are sharply up this morning on the strength of the US Dollar and comments by Fed Bank of Chicago President Charles Evans who noted that Fed policy may soon be changing. Shorter term rates are also on the rise as the UST 2-Year yield is up 4 bps to 0.870%, the highest yield since early June. Investors will get more insight on the Fed's thinking tomorrow when the minutes from the September FOMC meeting are released.
Today's economic data is light with NFIB Small Business Optimism coming in at 94.10 vs. 95.00 expected. For the rest of the week we have MBA Mortgage Applications and Fed minutes tomorrow, Jobless claims on Thursday and Retail Sales and PPI on Friday.