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Gaining Ahead Of Retail Sales Data, And Non-FOMC Fed Speakers

US TSYS SUMMARY

Tsys have gained in overnight trade Thursday, with TYs cloding in on the week's highs ahead of a heavy data slate.

  • Jun 10-Yr futures (TY) up 5/32 at 132-02.5 (L: 131-26.5 / H: 132-04). The 2-Yr yield is down 0.2bps at 0.159%, 5-Yr is down 1.3bps at 0.8419%, 10-Yr is down 1.8bps at 1.6148%, and 30-Yr is down 1.6bps at 2.2954%.
  • 0830ET brings weekly jobless claims and Mar retail sales, as well as Apr regional indices (Empire Manufacturing and Philly Fed Biz Outlook).
  • Then at 0915ET, Mar industrial production, followed by business inventories at 1000ET.
  • Fed speakers include Atl's Bostic (1130ET), SF's Daly (1400ET), and Cleveland's Mester (1600ET), but also some non-FOMC speakers of interest: NY Fed's SOMA head Logan at a SIFMA event at 1400ET and Fed general counsel Van Der Weide on LIBOR transition before the House Financial Svcs commitee.
  • Tsy sells $80bn of 4-/8-week bills at 1130ET. NY Fed buys ~$1.750B of 20-30Y Tsys.

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