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US: Rates Steady Into Waller

US

Fed Gov Waller is coming up at 1500ET (text and Q&A expected) - front Treasury futures are off lows (111-23) set mid-morning but still down 13 ticks on the day at 111-27. In short-term rates: cumulative cuts seen in Fed funds futures relatively steady: 21bp through Nov, 43bp Dec, 62bp Jan and 115bp June. Reminder cash Tsys closed for holiday.

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Fed Gov Waller is coming up at 1500ET (text and Q&A expected) - front Treasury futures are off lows (111-23) set mid-morning but still down 13 ticks on the day at 111-27. In short-term rates: cumulative cuts seen in Fed funds futures relatively steady: 21bp through Nov, 43bp Dec, 62bp Jan and 115bp June. Reminder cash Tsys closed for holiday.