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More Fed Speakers, Tsys, Stocks Off Lows

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  • Unscheduled comments re: inflation deceleration from Chicago Fed Goolsbee on PBS appears to be buoying Treasury and equity markets off their respective lows last few minutes.
  • At the moment, Jun'23 10Y futures are trading at 115-19.5 (-14) vs. 115-16 low, SPX eminis -22.75 at 4121.0 vs. 4115.0 low.
  • Reminder scheduled Fed speakers on the docket: Fed Daly commencement speech at 1420ET while StL Fed Bullard and Fed Gov Jefferson will be on moderated panel discussion regarding monetary policy at Stanford at 1945ET.

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