November 16, 2022 11:46 GMT
Cheaper With Missile Friendly Fire Ahead Of Stacked Docket
US TSYS
- Cash Tsys sit cheaper after indications from both the US and Poland that there is no indication yesterday’s missile strike was launched from Russia, more likely Ukrainian air defense. Poland’s Duda says it may not be necessary to invoke NATO Article 4.
- Elsewhere, Target’s disappointing earnings help keep a small bid (EPS $1.54 vs 2.15 expected) whilst globally, Reuters report China government advisers recommending a 2023 growth target of 4.5-5.5%.
- 2YY +2.5bps at 4.363%, 5YY +1bps at 3.906%, 10YY +1.3bps at 3.783%, and 30YY +0.9bps at 3.97%.
- TYZ2 trades 2 ticks higher at 112-20, between session lows of 112-08 and overnight highs of 112-27. Initial resistance is seen at yesterday’s high of 112-31+.
- Fedspeak: NY Fed Williams (0950ET), VC Supervision Barr (1000ET), Daly (1000ET), and Gov. Waller (1435ET).
- Data: Highlights are likely retail sales (0830ET) and IP (0915ET) but also see the NAHB housing index, international trade prices, business inventories, TIC flows plus usual weekly MBA mortgage applications/rate.
- Bond issuance: US Tsy $15B 20Y Bond auction (912810TM0) – 1300ET
- Bill issuance: US Tsy 17W bill auction – 1130ET
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