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Market Roundup: Brief Bounce as as Consume Confidence Dips

US TSYS
Tsy futures still mildly weaker, bounced off first half lows following June Consumer Confidence of 98.7 vs. 100.0 est while Richmond Fed Index much weaker than expected at -19 vs -7 est.
  • Scaling back the move almost as quickly, yield curves holding mildly steeper, are off early highs: 2s10s +2.337 at 9.762 vs. 12.017 earlier.
  • Equities which had extended gains on the open, back in range post data, ESU2 currently +16.0 at 3919.75 vs. 3950.0 high.
  • Aside from headline watching, attn on SF Fed Daly LinkedIn interview at 1230ET
  • Followed by $40B 7Y Tsy note auction at 1300ET
  • Keeping eye on NATO summit this evening in Madrid, Spain as leaders attempt to convince Erdogan to drop his block on the NATO membership bids of Sweden and Finland before the key summit.
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Tsy futures still mildly weaker, bounced off first half lows following June Consumer Confidence of 98.7 vs. 100.0 est while Richmond Fed Index much weaker than expected at -19 vs -7 est.
  • Scaling back the move almost as quickly, yield curves holding mildly steeper, are off early highs: 2s10s +2.337 at 9.762 vs. 12.017 earlier.
  • Equities which had extended gains on the open, back in range post data, ESU2 currently +16.0 at 3919.75 vs. 3950.0 high.
  • Aside from headline watching, attn on SF Fed Daly LinkedIn interview at 1230ET
  • Followed by $40B 7Y Tsy note auction at 1300ET
  • Keeping eye on NATO summit this evening in Madrid, Spain as leaders attempt to convince Erdogan to drop his block on the NATO membership bids of Sweden and Finland before the key summit.