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Former Fed Vice Chair Brainard

US TSY FUTURES
  • MSNBC interview of former Fed Vice Chair Lael Brainard, currently director of the National Economic Council since February 21, 2023, comments on this morning's March employment data: "really nice report" with "lots of positives in jobs market".
  • No market reaction, futures have quietly drifted back near initial post-data lows: USM3 at 133-04 (-31) vs. 132-31 low, 30Y yield at 3.5956% +.0450, TYM3 115-25.5 last (-24) vs. 115-23 low, 10Y yield 3.3775% +.0725.
  • Yield curves near lows: 2s10s -7.092 at -60.304 vs. -60.568 low. Very light overall volumes ahead the early session close at 1100ET (Globex 15 minutes later), TYM3 under 320k at the moment.

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