What to Watch: StL Fed Bullard on Mon-Pol, Weekly Claims

Rates trading mixed, long near recent lows as curves continue to steepen off deeper inverted levels (2s10s at 15.729 +3.530 vs. -9.531 Sunday evening).

• Markets still mulling March minutes where Federal Reserve will begin rapidly shrinking its USD8.9T balance sheet starting as early as May as part of a broader tightening campaign that has officials considering one or more 50BP rate hikes this year.
• That said, StL Fed Bullard on economy/mon-pol at University of Missouri should be interesting event after release of March FOMC minutes, text/Q&A
• Atl Fed Bostic and Chicago Fed Evans on inclusive employment later in session at 1400 -- unlikely market moving.
• Data coming up at 0830ET:
  • Initial Jobless Claims (202k, 200k)
  • Continuing Claims (1.307M, 1.302M)
• Later at 1500ET: Consumer Credit ($6.838B, $18.100B)
• US Tsy $35B 4W, $30B 8W bill auctions round up the week's supply, new 3Y notes and 10Y, 30Y auction re-opens next week.