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What to Watch: PPI, Wkly Claims, Limited Fed Speak, 30Y Sale

MARKET INSIGHT

Tsys making modest gains on light volumes (TYU2<250k), top end narrow overnight range as markets await next round of data at 0830ET (prior, est):

    • Initial Jobless Claims (260k, 265k)
    • Continuing Claims (1.416M, 1.420M)
    • PPI Final Demand MoM (1.1%, 0.2%); YoY (11.3%, 10.4%)
    • PPI Ex Food and Energy MoM (0.4%, 0.4%); YoY (8.2%, 7.7%)
    • PPI Ex Food, Energy, Trade MoM (0.3%, 0.4%); YoY (641.%, 5.9%)
  • Scheduled Fed speakers rather limited after Wed's flat July CPI weighed on prior market expectations of 75bp hike in September. Lone scheduled speaker so far: SF Fed Daly, Bbg TV interview later this evening at 1930ET
  • Treasury auctions:
    • $55B 4W, $50B 8W bill auctions at 1130ET,
    • $21B 30Y bond auction (912810TJ7) at 1300ET
  • Geopol: Ongoing Russia/Ukraine conflict. UN Secretary General Antonio Guterres has released a statement calling for calm regarding the Zaporizhizhia nuclear power plant in Ukraine, which is currently occupied by Russian forces and being used as a military base according to the head of Ukraine's nuclear power company, Petro Kotin.
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Tsys making modest gains on light volumes (TYU2<250k), top end narrow overnight range as markets await next round of data at 0830ET (prior, est):

    • Initial Jobless Claims (260k, 265k)
    • Continuing Claims (1.416M, 1.420M)
    • PPI Final Demand MoM (1.1%, 0.2%); YoY (11.3%, 10.4%)
    • PPI Ex Food and Energy MoM (0.4%, 0.4%); YoY (8.2%, 7.7%)
    • PPI Ex Food, Energy, Trade MoM (0.3%, 0.4%); YoY (641.%, 5.9%)
  • Scheduled Fed speakers rather limited after Wed's flat July CPI weighed on prior market expectations of 75bp hike in September. Lone scheduled speaker so far: SF Fed Daly, Bbg TV interview later this evening at 1930ET
  • Treasury auctions:
    • $55B 4W, $50B 8W bill auctions at 1130ET,
    • $21B 30Y bond auction (912810TJ7) at 1300ET
  • Geopol: Ongoing Russia/Ukraine conflict. UN Secretary General Antonio Guterres has released a statement calling for calm regarding the Zaporizhizhia nuclear power plant in Ukraine, which is currently occupied by Russian forces and being used as a military base according to the head of Ukraine's nuclear power company, Petro Kotin.