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Atlanta Fed Bostic Flexible

US TSY FUTURES
Tsys 30Y Bonds inching off recent highs, short end remains well bid. Sole Fed speaker for the day Atlanta Fed Bostic keeping his options open as to liftoff.
  • Bostic reiterated need to "move off emergency rate stance", is supportive of 25bps hike at the March 16 FOMC -- unless inflation measures continue to climb -- opens the possibility of 50bp liftoff.
  • Markets will have benefit of employment data for Feb Friday (+415k est vs. +467k prior) -- after Fed Chair Powell will be giving the semi-annual monetary policy report testimony to the House Financial Services Committee on Weds March 2 and the Senate Banking Committee on Thu March 3 - 1000ET/1500GMT -- likely the "last word" from senior leadership ahead of the March 15-16 FOMC meeting, with the media blackout beginning at midnight end-day Friday March 4.

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