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Slightly Richer In Asia-Pac Trade, Focus Also On US Employment Data

US TSYS

TYU3 is currently trading at 114-06, +5 from NY closing levels. There have been no new developments on the debt-ceiling bill’s passage other than the previously outlined news that a key House of Representatives committee voted to send it to the full chamber for a Wednesday vote.

  • Cash tsys are around 1bp richer across major benchmarks in Asia-Pac trade.
  • The attention now shifts towards crucial employment data scheduled for release later this week. The ADP private employment data, typically released on Wednesday, will be published on Thursday due to the holiday. The May Non-Farm Payrolls report will be unveiled on Friday, with the current median estimate projecting a gain of +190,000 jobs for May compared to the previous figure of +253,000.
  • Fed enters policy blackout at midnight Friday.

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