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Well Ahead Key Data

US TSY FUTURES

Tsy futures trading mildly weaker for the most part, 30Y bonds little firmer. Could get choppy on NFP data: exceptionally light volumes on the shortened Easter holiday session, TYM1 less than 70k at the moment. Europe exchanges closed through Monday (LIBOR settles resume Tuesday, April 6), US open for March employ data w/early close at 1100ET, Globex 15 minutes later.
NFP survey median estimate at +660k vs. +397 in Feb, range from +350K to +1.0M.

  • Next 3 high estimates remain +1.0M from BoA, TD and Itau Unibanco.
Carry-over strength in stocks, S&Ps cracked psychological level 4,000 yesterday, trading 4022.0 at the moment.

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