The UST10-Year yield is at 2.335% this morning after closing at 2.358% on Friday.
The only economic data being released later this morning is the Dallas Federal Manufacturing Outlook Survey for the month of November; this survey is a key gauge for the state’s manufacturing activity. It is forecasted to improve to 2.00 from -1.50 in October, indicating a slow and steady growth in output for a fourth consecutive month.
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The only economic data being released later this morning is the Dallas Federal Manufacturing Outlook Survey for the month of November; this survey is a key gauge for the state’s manufacturing activity. It is forecasted to improve to 2.00 from -1.50 in October, indicating a slow and steady growth in output for a fourth consecutive month.
The remaining of this week will follow with plenty of anticipated economic data; the GDP Annualized, Personal Consumption Index, GDP Price Index and the Consumer Confidence Index will be released on Tuesday. On Wednesday, we will see data for ADP Employment Change, Mortgage Applications and Personal Income & Spending. On Friday, Nonfarm Payroll and the November unemployment rate will be released.
The curve has bull-flattened with the UST 10-Year 0.23 bp down from prior closing.