Treasuriesdeclined across the curve this morning from yesterday's close. The UST10-Year yield is currently at 2.323% after closing at 2.317% during the prior session.
President Trump extended an invitation to the North Korean regime to work on a deal on nuclear weapons, thus not ruling out direct negotiations and further diverting from his previous “fire and fury” stance. Amid current international tensions with the regime, the President stated he was open to engage with Pyongyang. On the other hand, the House Ways and Means Committee is reviewing some of the key provisions that the House Tax Bill included on offshore corporate earnings after private sector stakeholders reacted with surprise to the language on the legislation.
The economic calendar remains quiet, and only includes the JOLTS jobs openings report and consumer credit report today. While the market expected a slight drop to 6,075 in September from 6,090 revised prior, JOLTS reflected an increase to 6,093. On consumer credit, there is a survey of $17.500 Billion for September, which represents a considerable expected increase from its prior mark of $13.065 Billion. The report will be published later today at 12:00 PM (PT).
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President Trump extended an invitation to the North Korean regime to work on a deal on nuclear weapons, thus not ruling out direct negotiations and further diverting from his previous “fire and fury” stance. Amid current international tensions with the regime, the President stated he was open to engage with Pyongyang. On the other hand, the House Ways and Means Committee is reviewing some of the key provisions that the House Tax Bill included on offshore corporate earnings after private sector stakeholders reacted with surprise to the language on the legislation.
The economic calendar remains quiet, and only includes the JOLTS jobs openings report and consumer credit report today. While the market expected a slight drop to 6,075 in September from 6,090 revised prior, JOLTS reflected an increase to 6,093. On consumer credit, there is a survey of $17.500 Billion for September, which represents a considerable expected increase from its prior mark of $13.065 Billion. The report will be published later today at 12:00 PM (PT).
The curve has bear-flattened as the UST 10-Year yield is 0.6 bp higher from prior closing.