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What to Watch: Multiple Fed Speakers Kick Off Short Week

MARKET INSIGHT

Rates trading weaker - near early overnight lows after buying emerged early London trade. Tsy curves mixed, 2s10s midly steeper at 17.940 +0.119.

  • Decent volumes (TYM2>400k ahead the NY open), no data (aside from NY Fed survey of consumer exp at 1100ET) though several Fed speakers scheduled:
    • Atl Fed Bostic open remarks: Fed Listens event in Nashville; Fed Govs' Bowman and Waller closing remarks at same event, 0930ET
    • NY Fed John Williams CME/Economic Club of New York event, 1200ET
    • Chicago Fed Evans economic outlook, 1240ET
  • Tsy auctions: $46B 3Y Monday, $34B 10Y re-open Tuesday, $20B 30Y Bond reopen Wednesday.
  • Look ahead: short week with FI markets closing at 1300ET Thursday, closed for Good Friday ahead Easter Sunday.
  • Key economic data includes CPI Tuesday (MoM 1.2% est), PPI Wednesday (MoM 1.2% est), Retail Sales Thursday (Adv MoM 0.6%).

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